Fed to begin slowing economic aid as inflation worries rise
Fed to begin slowing economic aid as inflation worries rise
By Christopher Rugaber | Associated Press
WASHINGTON — The Federal Reserve will begin dialing back the extraordinary economic aid it’s provided since the pandemic erupted last year, a response to high inflation that now looks likely to persist longer than it did just a few months ago.
In a statement Wednesday after its latest policy meeting, the Fed said it will start reducing its $120 billion in…
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