Simplistically, tapering is the ending of economic stimulus policies.
Federal Reserve Chair Jerome Powell signaled that the pandemic-era bond-buying program could be halted early next year amid inflation surges.It's been hard for Americans to avoid headlines and statements about"tapering" in recent months, as economists and policymakers debate how to best support the economy while the pandemic ebbs in the U.S.
"The Fed has been buying up bonds since March of 2020 -- bonds and mortgage-backed securities -- at a certain rate, and they're going to slow the rate at which they're buying up these assets until they're not buying them anymore," Megan Greene, global chief economist at the advisory firm Kroll Institute and a senior fellow at the Harvard Kennedy School, told ABC News.
The move to speed up tapering comes as inflation has thrown a new wrench in the Fed's ability to use its tools to support the economy. Economists have
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