epa07658788 US Federal Reserve Board Chairman Jerome Powell responds to a question from the news media during a press conference after a Federal Open Market Committee meeting in Washington, DC, USA, 19 June 2019. Powell announced that interest rate will not change. A day earlier, President Trump raised the issue of possibly firing Powell but Chairman Powell has said he would not step down and that he plans to serve his full term through February 2022.  EPA/SHAWN THEW
US Federal Reserve chairman Jerome Powell. The central bank is expected to start reducing its bond purchases in November and this may finish sooner than forecast by the middle of 2022. EPA

Volatile stock markets head into autumn with a hawkish Fed

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