Fed's virtual retreat may stoke market's 'animal spirits'


NEW YORK: Investors could get a hint from Federal Reserve Chairman Jerome Powell this week about how aggressively the U.S. central bank will try to manage the long-term recovery from the Covid-19 coronavirus pandemic.

Powell will discuss the Fed’s monetary policy framework review - a review it has been undertaking for nearly two years into how it conducts monetary policy - on the opening day of the Kansas City Fed’s annual symposium on Thursday.

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