FED LIKELY TO SIGNAL A COMING PULLBACK IN ECONOMIC SUPPORT
Sep 24, 2021
3 minutes
Image: Kevin Lamarque
The Federal Reserve is expected this week to send its clearest signal yet that it will start reining in its ultra-low-interest rate policies later this year, a first step toward unwinding the extraordinary support it’s given the economy since the pandemic struck 18 months ago.
Many economists think the Fed will formally announce a pullback in November, in response to a steady recovery from the pandemic recession and an acceleration in inflation that has raised widespread concerns. This week’s Fed policy meeting could lay the groundwork for that announcement.
Fed officials
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