Page 119 - குடியரசுக் கட்சியினர் இல் காங்கிரஸ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

increase font size Federal Reserve to discuss a pullback in economic aid with inflation up The worry is that the the Fed will respond too aggressively and quickly raise interest rates which could cause another recession. By CHRISTOPHER RUGABERAssociated Press Share WASHINGTON With inflation uncomfortably high and the COVID-19 delta variant raising economic concerns, a divided Federal Reserve will meet this week to discuss when and how it should dial back its ultra-low-interest rate policies. For now, the U.S. economy is growing briskly in the wake of the pandemic recession, and the pace of hiring is healthy, which is why the Fed’s policymakers will likely move closer toward acting soon. In particular, the officials are expected to discuss the timing and mechanics of slowing their $120 billion-a-month in bond purchases – a pandemic-era policy that is intended to keep long-term loan rates low to spur borrowing and spending.

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