In addition to slow recovery in the labor market, supply-chain bottlenecks and inflation have been 'longer-lasting' than expected, according to Fed Chair Powell.

July FOMC minutes show consensus around curtailing asset purchases starting soon, though disagreement on how to carry out the taper.

As central banks place a greater focus on crisis recovery and policy agendas, such as fighting inequality, they put at risk their rates flexibility.

Majority consensus projects two interest rate hikes in 2023, although 7 of 18 FOMC officials would like to raise rates next year.

Powell plays down inflation concerns, while acknowledging that prices have risen more quickly than expected.

As the economy improves, the FOMC looks at winding down its Covid-related support—and eventually raising interest rates.

As the Fed exits corporate credit, some investors expect a 'helicopter parent' to continue standing by.

The Federal Reserve chair said the U.S. central bank will wait until the economy has "all but fully recovered" to pull back the monetary support it rolled out in response to Covid-19.