Federal Reserve Chair Jerome Powell said the US central bank could begin scaling back asset purchases in November and complete the process by mid-2022, after officials revealed a growing inclination to raise interest rates next year.
The people in the Asia Pacific region need growth and employment, not submarines and gunpowder. — China’s Foreign Ministry spokesman Zhao Lijian on the recent US-UK-Australia (Aukus) defence deal.
Fed taper could start ‘soon’ and end around mid-2022: Powell
