'Not the time' to discuss any change to bond purchases, says Fed's Powell

By Howard Schneider and Ann Saphir (Reuters) - With the U.S.

economy still far from its inflation and employment goals it is too early for the Federal Reserve to discuss changing its monthly bond purchases, Fed Chair Jerome Powell said Thursday. "Now is not the time to be talking about exit," from the $120 billion in government securities the Fed is buying each month, Powell said in a web symposium with Princeton University. "A lesson of the Global Financial Crisis is be careful not to exit too early, and by the way.....

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