Powell Lays Groundwork for Faster End to Stimulus as Inflation Outlook Worsens
11/30/21
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from The Wall Street Journal,
11/30/21:
Federal Reserve Chairman Jerome Powell said the central bank was prepared to quicken the pullback of its easy-money policies, opening the door to raising interest rates in the first half of next year as it grapples with inflation and a potential new virus wave that could exacerbate supply-chain disruptions.
Mr. Powell during a Senate hearing on Tuesday said it would be appropriate for the Fed to consider accelerating the reduction of its asset-purchase stimulus program at its meeting on Dec. 14-15.
His comments, which caused stock markets to tumble and bond yields to rise, were part of a broader shift in how the Fed leader characterized the risks
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