The Fed tapers its support for bond markets and the economy – 5 questions answered about what that means
- Written by Edouard Wemy, Assistant Professor of Economics, Clark University
Fed Chair Jerome Powell prepares for the end of the era of cheap money. Matt McClain/The Washington Post via APThe Federal Reserve on Nov. 3, 2021, said it is winding down the bond-buying program it’s had in place since March 2020. The Fed’s policy-setting committee said it would immediately “taper” asset purchases by US$15...