Powell Talks Tapering Jerome Powell spoke today at his scheduled Federal Open Market Committee September press conference. The highlight is that the Federal Reserve has met their inflation goal with plans to start tapering, perhaps as soon as the next meeting in November. Tapering will begin as long as we see “a decent employment report.” Powell mentioned that ending the tapering by mid-2022 may be appropriate. He also noted that they want to address tapering first before turning to other issues like the balance sheet.