Wall Street surges; US yields fall after Fed's Powell speaks - Business News: Latest News & Videos about market and economy | Trendmergers

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Wall Street surges; US yields fall after Fed's Powell speaks

Powell's much-anticipated speech was noncommittal on the precise timing of the Fed's bond tapering, unlike earlier remarks by several regional Fed presidents who wanted tapering to start soon. At the Fed's annual Jackson Hole, Wyoming, conference, Powell expressed caution about raising interest rates as the Fed tries to nurse the economy to full employment and would avoid chasing "transitory" inflation.

from Stocks-Markets-Economic Times
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