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Fed Minutes September 2021: Officials Worried About Supply Chains

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Federal Reserve officials were preparing to begin slowing down monetary policy support as soon as the middle of November, minutes from their September meeting showed, and policymakers debated when they might need to raise rates amid rising inflation risks.The Fed has been buying $120 billion in bonds each month and holding the federal funds rate near zero to make borrowing cheap and keep money flowing through the economy, stoking demand and speeding up the recovery. But the central bank’s officials signaled after their Sept. 21-22 meeting that they might announce a plan to pare back those asset purchases as soon as early November. Minutes from the gathering, released Wednesday, provided additional details on that plan.The minutes suggested that “if a decision to begin tapering purchases occurred at the next meeting, the process of tapering could commence with the monthly purchase calendars beginning in ei …

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