NFIB Weekly News
Federal Reserve Signals Rate Hikes Likely To Begin Next Year (09/28/2021)
Bloomberg (9/22, Boesler) reported that on Wednesday, Federal Reserve Chair Jerome Powell “said the central bank could begin scaling back asset purchases as soon as November and complete the process by mid-2022, after officials revealed a growing inclination to raise interest rates next year.” Bloomberg said Powell, “explaining the U.S. central bank’s first steps toward withdrawing emergency pandemic support for the economy, told reporters Wednesday that tapering ‘could come as soon as the next meeting.’”