With inflation at its highest point in three decades, the Federal Reserve is set this week to begin winding down the extraordinary aid it has given the economy since the pandemic recession struck early last year, a process that could prove to be a risky balancing act. Chair Jerome Powell has signaled that the Fed will announce after its policy meeting Wednesday that it will start paring its $120 billion in monthly bond purchases as early as this month. Those purchases have been intended to keep longterm loan rates low to spur borrowing and spending.
from Top Politics News- News18.com https://ift.tt/3mCb5ck
-
In a major bureaucratic reshuffle, 30 joint secretaries (JSs) were appointed in different departments of central government on Monday. fro...
-
Prime Minister Narendra Modi today embarked on Mission Suth India today with plans to inaugurate a slew of projects and address public meeti...
-
Two suspected militants were arrested in Ramban district's Gool in Jammu and Kashmir on Monday. A joint operation was launched by Police...
No comments:
Post a Comment