US Fed nods to strengthening economy but waves off policy shift talk

"It is not time yet" to begin discussing any change in policy, Fed Chair Jerome Powell told reporters after the release of a policy statement in which the U.S. central bank left interest rates and its bond-buying program unchanged.

WASHINGTON: The Federal Reserve on Wednesday took a rosier view of the U.S. economic recovery and the nation's war against the coronavirus, but said it was too early to consider rolling back its emergency support with so many workers still left jobless by the pandemic.

"It is not time yet" to begin discussing any change in policy, Fed Chair Jerome Powell told reporters after the release of a policy statement in which the U.S. central bank left interest rates and its bond-buying program unchanged.