Photo: Jerome Powell, Federal Reserve Chair

Jerome Powell doesn't want to talk about scaling back massive Federal Reserve asset purchases—at least not yet—but it's only a question of time before the discussion resumes. That might not be a bad thing.

The Fed chair told reporters on January 27 that "the whole focus on exit is premature"—a clear call to his colleagues to focus on the economic damage in front of them rather than the forecast for a recovery.

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