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Korean stocks bouncing back on Fed's dovish remarks

The Fed’s policy-setting committee said it would immediately 'taper' asset purchases by $15 billion each month.

NEW YORK (Reuters) — The Fed's well-telegraphed taper announcement has done little to soothe the nerves of some investors, who remain on edge about stubbornly persistent inflation and are looking

I want to bring in congressman kevin brady, a republican from the state of texas and the ranking member of the tax writing ways and means committee. congressman, always good to see you. when it comes to monetary policy, that is on the fed. i know you think the biden administration is dropping the ball, they need to pay attention to inflation. what does the fed need to do? >> yeah, so, i think one, stop making things worse. they've really been in denial. i get frustrated with the fed because i think they've been in big denial about the labor shortage for way too long, certainly about inflation....

Took a lot of criticism for that. and so i think that the solution is to try to get back to normal as quickly as possible. and to not try to throw so much demand at the economy if we're going to at the same time constrain supply. if you do that, you'll get more inflation. as larry suggested, there is a way out, and the way out is to sort of -- as the fed is tapering, it is bond purchases for the federal government to taper its stimulus. >> you are actually, kevin, talking to us from west palm beach. you were at an event last night at mar-a-lago where former president trump spoke. what did he s...