Economy

Federal Reserve likely to become a tougher talking central bank

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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….



Source cnbc.com

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