U.S. Federal Reserve Chairman Jerome Powell on Friday signaled his support to start scaling back later this year a massive bond-buying program that was launched in response to the coronavirus pandemic.Attending virtually the Fed's annual symposium at Jackson Hole, Wyoming, Powell said he was of the view at the bank's meeting last month that "it could be appropriate to start reducing the pace of asset purchases this year" and that the economy has since seen "more progress in the form of a strong employment report for July."At the same time, the Fed will be "carefully assessing incoming data …READ FULL ARTICLE
