
Money printer slow brrr: the Fed turns down the taps
Economist Podcasts
Fed's Tapering Strategy Amid Inflation Concerns
This chapter examines the Federal Reserve's accelerated tapering of asset purchases in response to rising inflation and a robust labor market. It emphasizes the shift in perceptions of inflation from temporary to persistent, as reflected in Jerome Powell's remarks. The discussion also explores the implications of these decisions for the U.S. economy and global monetary policy amidst ongoing uncertainties from the pandemic.
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