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Fed Officials Debated Inflation Concerns, Taper Pace at November Meeting
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Federal Reserve officials signaled greater doubts at their meeting earlier this month over how long it would take for elevated inflation to abate and how soon they would need to raise interest rates to cool the economy.
The Fed closed a chapter on its aggressive pandemic policy response when it approved plans at the Nov. 2-3 meeting to shrink its $120-billion-a-month asset purchases by $15 billion each in November and December, a pace that would end the program by next June.
Read more on wsj.comAbout this in other media
Declining Jobless Rate Keeps Fed on Track to Accelerate Taper wsj.com /2 years ago
Fed’s Bostic Wants to Accelerate Pace of Bond Buying Taper wsj.com /2 years ago
Randal Quarles Says Fed Will Need to Raise Rates to Cool Inflation wsj.com /2 years ago
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