Jerome Powell made it clear the Fed is nowhere close to tapering QE, even while predicting GDP growth of as much as 6% this year. "The economy is a long way from our employment and inflation goals," the central bank chief told a Senate panel, adding that officials will give "advance warning" to any change of course. He called vaccines the "single best policy" to restore the economy, and repeatedly declined to comment on any aspect of Joe Biden's economic stimulus plan.