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Reuters

‘Patient’ or ‘aggressive’? Fed policymakers split on inflation response

U.S. central bankers broadly agree they can soon begin reducing their support for the economy, but are divided over how much of a threat high inflation poses, and – more importantly – what they might need to do about it. Some indication of the intensity of that debate should emerge on Wednesday when the Federal Reserve releases the minutes of its Sept. 21-22 policy meeting, at which officials sent their clearest signal https://www.reuters.com/business/finance/fed-likely-open-bond-buying-taper-door-hedge-outlook-2021-09-22 yet that the days of crisis-era policy were numbered. With the economy set to grow this year at its fastest pace in decades, inflation riding well above the Fed’s comfort zone and the labor market much healed from the devastation of the coronavirus pandemic, most policymakers believe it is prudent to start cutting back the $120 billion in monthly asset purchases the central bank has been making to spur the economic recovery.

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