Fed 'steps carefully' as it announces wind-up of $120bn monthly bond buying programme

Reduces monthly pace of its net asset purchases

clock • 3 min read
The Fed will wind up bond-buying programme
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The Fed will wind up bond-buying programme

The US Federal Reserve announced on Wednesday (3 November) its plans to start scaling back its $120bn monthly bond buying programme, which has played a crucial role in buoying the US economy as it contends with the ongoing pandemic and rising inflation.

The Fed's chair, Jerome Powell, made a point of distancing the announced plans to taper bond purchases with any potential action regarding rising US interest rates. "Our decision today to begin tapering...

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