Fed Won't Raise Rates Until Taper Is Finished: Powell

The transcript discusses the committee's stance on not raising rates until the taper is complete. It explains that buying assets adds accommodation, while raising rates removes it. The timeline for completing the taper is two meetings away, and any rate lift-off would require stopping the taper sooner, which is not expected. The current situation does not necessitate raising rates while still purchasing assets.

What is the relationship between buying assets and accommodation?

How many meetings are left before the taper is complete?

What does the speaker think about lifting off before the taper is complete?

What is the speaker's expectation regarding raising rates in the near future?

What might happen if rates are raised while still purchasing assets?