With inflation uncomfortably high and the COVID19 Delta variant raising economic concerns, a divided Federal Reserve will meet this week to discuss when and how it should dial back its ultralowinterest rate policies. For now, the U.S. economy is growing briskly in the wake of the pandemic recession, and the pace of hiring is healthy, which is why the Feds policymakers will likely move closer toward acting soon. In particular, the officials are expected to discuss the timing and mechanics of slowing their $120 billionamonth in bond purchases a pandemicera policy that is intended to keep longterm loan rates low to spur borrowing and spending.
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