Fed lays out plan to reduce bond purchases, flags inflation worries

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Reuters

By Ann Saphir, Jonnelle Marte and Lindsay Dunsmuir (Reuters) -The Federal Reserve signaled on Wednesday it could start reducing its crisis-era support for the U.S. economy by the middle of next month, with a growing number of its policymakers worried that high inflation could persist longer than previously thought. Though no decision on a “taper” of the U.S. central bank’s $120 billion in monthly asset purchases was reached at its Sept. 21-22 policy meeting https://www.reuters.com/business/finance/fed-likely-open-bond-buying-taper-door-hedge-outlook-2021-09-22, “participants generally assessed…

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