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Officials announces tapering of programme amid fears central bank may raise rates to curb inflation

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It is hardly a secret by now that the Federal Reserve is going to reduce its support for the U.S. economy soon: starting this month it will likely begin to pare its monthly asset purchases by $15 billion each month until ending them by mid-2022.

It is hardly a secret by now that the Federal Reserve is going to reduce its support for the U.S. economy soon: starting this month it will likely begin to pare its monthly asset purchases by $15 billion each month until ending them by mid-2022.

"At a time when the U.S. already spends more on the military than the next 12 nations combined, it is time for us to take a serious look at the massive cost over-runs, the waste and fraud that currently exists at the Pentagon," Sanders said. Sanders's words carry extra weight given his position at the head of the Budget Committee and as a progressive leader in the Democratic Party.  ADVERTISEMENT He joins a slew of progressives in speaking out against the proposed 1.7 percent boost in defense spending. "We need a fundamental shift in how we address national security issues and invest in clim...