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The Federal Reserve announced Wednesday its first step toward paring back the support for financial markets it has deployed since the emergence of the COVID-19 pandemic roiled the economy last year.
Process of tapering. it has been buying a ton of securities and all of that stuff to the tune of $120 billion every month. it was the first sign by the federal reserve to say we're slicing that in a first couple of months beginning next month and slowly on that. that was not a surprise to the markets. it didn't seem rattled by all of the developments on capitol hill. i wonder, in a weird way, why that might be good news for markets. it delays the big spending if it happens at all but more importantly, it deletes the big tax hikes if they happen at all. what do you think? >> i think that the ma...
The Federal Reserve on Wednesday (local time) announced to cut bond purchases that supported the economy throughout the COVID-19 pandemic by November.
The Federal Reserve on Wednesday (local time) announced to cut bond purchases that supported the economy throughout the COVID-19 pandemic by November.
The Federal Reserve on Wednesday (local time) announced to cut bond purchases that supported the economy throughout the COVID-19 pandemic by November.