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Federal Reserve Hints It Will Begin Tapering Bond Buying Soon

Published September 23, 2021 at 12:06 PM EDT
Federal Reserve Board Chairman Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee July 15, 2021 in Washington, DC. (Win McNamee/Getty Images)
Federal Reserve Board Chairman Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee July 15, 2021 in Washington, DC. (Win McNamee/Getty Images)

The Federal Reserve has signaled it will begin to taper its bond-buying program soon. The program was used to support the economy during the pandemic. The Fed also announced that inflation rates are going up.

Here & Now‘s Robin Young talks with MSNBC anchor and economics correspondent Ali Velshi.

This article was originally published on WBUR.org.

Copyright 2021 NPR. To see more, visit https://www.npr.org.