During his much anticipated speech at the Federal Reserve's annual Jackson Hole symposium on Friday, Federal Reserve Chairman Jerome Powell said the central bank is likely to begin tapering some of its easy-money policies before the end of the year.
However, he added that he still feels there's "much ground to cover" before rate hikes.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.