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Fed Chair Powell Announces Faster Tapering of Bond Purchases Than Expected

Central Bank Acts To Exit Asset Buying in Early 2022 To Stanch Inflation Fears
Federal Reserve Chair Jerome Powell testifies before a Senate Banking Committee last month in Washington, D.C. (Getty Images)
Federal Reserve Chair Jerome Powell testifies before a Senate Banking Committee last month in Washington, D.C. (Getty Images)
CoStar Analytics
December 15, 2021 | 11:03 P.M.

The Federal Open Market Committee reacted decisively to the threat of rising inflation, which is now increasing at its fastest pace in almost 40 years, by planning to accelerate its path toward winding down bond purchases.

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