Powell sensed ‘taper tantrum,’ but urged Fed to act anyway, newly released transcripts from 2013 show
January 11, 2019 at 13:08 PM EST
At a FOMC meeting in June 2013, Jerome Powell urged Ben Bernanke to announce a plan to reduce asset purchases that led to a 'taper tantrum,’ even though ‘there may be more than’ a little bit of market volatility.