Federal Reserve prepares to scale back pandemic support – but cuts growth forecast

The US Federal Reserve has signalled that it could soon start scaling back its emergency pandemic policies even as the recovery slows – with inflation pressures persisting.

America’s central bank said the economy’s progress meant that a moderation in the pace of its $120bn-a-month bond buying programme “may soon be warranted”.

Mark Gibson

Graduates in Northwestern University, Evanston, Illinois 1990. Move to Los Angeles California in 2004. Specialized in Internet journalism.

Leave a Reply

Your email address will not be published. Required fields are marked *