Fed officials debated inflation concerns, downsizing at the November meeting

Federal Reserve officials expressed greater concern at their meeting earlier this month about how long inflation would remain high and discussed whether to prepare to raise interest rates in the first half of next year to cool the economy.

The Fed ended a chapter on its aggressive pandemic policy response when it approved the plans at the 2-3. November to shrink its purchases of $ 120 billion a month by $ 15 billion each in November and December, a pace that would end the program by June next year. They want to close the asset purchases before raising interest rates, which they kept close to zero.

Source link

Back to top button