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IPFS News Link • Federal Reserve

Watch Live: Fed Chair Powell's Excuse-Filled Press Conference

• by Tyler Durden

Retail sales and Durable Goods orders surging. More than half of the country is vaccinated and there are a record number of job openings.

But still The Fed is holding rates at zero, and monetizing $120 billion a month in Treasuries and MBS, because "substantial further progress" remain elusive?

We suspect today's excuse factory will include widespread use of the word "delta" for why The Fed couldn't possibly, not now for sure,. consider talking about tapering... because at record highs, stocks are fragile...