Posted by on November 25, 2021 6:01 am
Categories: Breaking News Epoch Times News

More Fed Officials Open to Speeding Up Bond-Buying Taper, Rates Liftoff

A growing number of Federal Reserve policymakers indicated they would be open to speeding up the elimination of their bond-buying program if high inflation held and move more quickly to raise interest rates, minutes of the U.S. central bank’s last policy meeting showed. The readout released on Wednesday was the latest indication that anxiety about rising inflation at the Fed has now taken root, with many officials at the Nov. 2–3 meeting also suggesting elevated price pressures could prove more persistent. The durability and broadening in price pressures has taken the White House and the central bank by surprise and prompted both to respond. U.S. President Joe Biden and Fed Chair Jerome Powell stressed earlier this week that they would take steps to tackle the rising costs of everyday items, including food, gasoline, and rent. Although the surge in inflation in late spring and over the summer was portrayed as …

Originally appeared on The Epoch Times

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