Head of US central bank Jerome Powell had been expected to announce the programme would be tapered off
Share prices hit fresh records on Wall Street after the head of the US central bank, Jerome Powell, expressed concern about rocketing Covid-19 infections and gave no new clues on when the Federal Reserve would start to ease back on its stimulus programme.
Speaking at the virtual gathering of central bankers at Jackson Hole, the Fed chairman said that while the economy was recovering from the pandemic he and his fellow policymakers were carefully monitoring the impact of the Delta variant of the coronavirus.
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