Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., on Tuesday, Nov. 30, 2021.
Al Drago | Bloomberg | Getty Images
Here comes the Fed.
After 20 months of the most aggressive easing policies ever put in the place by the Federal Reserve — designed to combat the economic effects of the coronavirus pandemic — market participants now forecast a gradual reversal of central bank policy that will bring both a faster taper and quicker rate hikes over the next several years.
The CNBC Fed Survey finds that respondents expect the Fed to double the pace of the taper to $30 billion at its December…