Following the Federal Open Market Committee's (FOMC) decision to keep the policy rate unchanged within the target range of 0-0.25%, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is delivering his comments on the policy outlook.
Key quotes
"Fed has not made any decisions about the timing of taper."
"There is a range of views on FOMC on when tapering is appropriate."
"Today's meeting was first deep dive on timing, pace and composition of taper, no decisions made."
"In the process of writing Jackson Hole speech but would not want to say what will be in it yet."
