BYND - Wall Street Breakfast: Fed's First Meeting Of 2021

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Fed's first meeting of 2021 When the Federal Open Market Committee ends its two-day meeting this afternoon, Fed Chair Jerome Powell is likely to assure investors that the central bank won't taper its asset purchases anytime soon. Recently, Powell repeated his "we're not thinking about thinking about" reducing QE or raising rates as the pandemic weighs on the U.S. economy. "When it does become appropriate to discuss specific dates" for tapering asset purchases, "we will let the world know," he said on Jan. 14 in an online Q&A.Even as the population starts to get vaccinated for COVID-19, it will be months before it reaches the point of herd immunity. "The emphasis will be on, 'we're not out of the woods yet,'" Seth Carpenter, an economist at

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Wall Street Breakfast: Fed's First Meeting Of 2021