Federal Reserve Chairman Jerome Powell attends the House Financial Services Committee hearing on Capitol Hill in Washington, U.S., September 30, 2021.
Al Drago | Reuters
Expect more tough talk from the Federal Reserve, as it may consider winding down its bond program sooner than expected.
Based on comments from a number of Fed officials, market pros now expect the central bank to discuss at the Dec. 14-15 meeting whether they should move even faster to end their quantitative easing program.
“They’re going to accelerate tapering in December, and it now looks like growth could easily cross 6% and could approach 7% in the fourth quarter,” said Diane Swonk, chief economist at Grant Thornton….