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Federal Reserve Hints It Will Begin Tapering Bond Buying Soon

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.

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