Fed chair: No interest rate hike coming any time soon

Interest rates will stay near zero for the foreseeable future, Federal Reserve chairman Jerome Powell said on Thursday.

Why it matters: It staves off concerns that the central bank is eyeing pulling back on its easy money policy if the economy recovers faster than anticipated.

What he's saying: "When the time comes to raise interest rates, we will certainly do that. That time by the way is no time soon," he said during an event with Princeton University.

Powell also said "now is not the time" to talk about any...