Federal Reserve to announce end of bond-buying program
WASHINGTON (UPI) -- The Federal Reserve opened a two-day meeting on Tuesday at which Chairman Jerome Powell is expected to announce the tapering of the Fed's bond-buying program, which was enacted as an emergency response to COVID-19. Powell and the Fed have resisted ending the program so far, but there's now pressure to start winding down $120 billion in monthly purchases due to changing economic conditions. Amid rising inflation, Powell has indicated that the Federal Reserve Board will begin to […]
