The Fed is ready to rein in its aid. Market tremors are already emerging.
For the Federal Reserve, this could be a year of living dangerously.
The central bank is expected to announce this week plans to begin withdrawing its massive support for the economy, the first step in winding down the historic cash infusions it launched to save markets during the pandemic.
What could come next — interest rate hikes — is causing angst among the Wall Street investors who finance the nation's debt and creating potential peril for Democrats on the 2022 campaign trail.