A number of Republicans have already criticized the Fed for not beginning to taper
Covid-19 is far from over, but prepared investors can withstand its effects
More progress is needed on employment, price stability before tapering bond purchases, Powell says
The main concern is that the Fed will end up responding too late and too aggressively to high inflation
Research suggests that temporarily overshooting inflation has economic benefits
Price rises will likely prove temporary, a new report from the Bank for International Settlements argues
Higher prices will be temporary, the central bank says
The OSFI and Basel Committee veteran succeeds Carolyn Wilkins as second-in-command
The decision is part of a new approach to monetary policy similar to that of the Federal Reserve
Higher inflation could prove more persistent than the U.S. central bank previously indicated