Powell Warns Elevated Inflation Justifies Faster Reduction of Bond Purchases

Posted on AllSides November 30th, 2021
From The Center
Photo: Al Drago/Bloomberg News

Federal Reserve Chairman Jerome Powell signaled the central bank would consider quickening the wind down of its easy-money policies as it grapples with elevated inflation, which would open the door to raising interest rates in the first half of next year.

He said Tuesday the central bank would discuss accelerating the reduction of its asset purchases at its meeting in mid-December.

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