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

Powell promised that would be the case with the current purchases as well.

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 try not to talk about exit all the time if you are sending that signal because the