Stimulus Check Up | Apr 8, 2022 | 0
Fed Dials Back Bond Purchases, Plots End to Stimulus by June
The Federal Reserve approved plans to begin scaling back its bond-buying stimulus program this month and end it by June, a major step toward withdrawing its aggressive, pandemic-driven economic support amid a recent inflation surge.
Fed officials in their postmeeting statement Wednesday said they still anticipated elevated inflation would fall because high readings are “largely reflecting factors that are expected to be transitory.”
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