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The Federal Reserve has announced that it is tapering its bond-buying programme, launched in the wake of the coronavirus pandemic.
Since the start of the pandemic, the US has engaged in a programme of bond-buying akin to Quantitative Easing worth $120bn per month. That will be reduced by $15bn this month and tapered thereafter. It's an attempt to reduce monetary stimulus and normalise the conduct of monetary policy.
US central bank is reducing its bond-buying programme https://t.co/7L1xmjNP4X
— BBC Business (@BBCBusiness) November 3, 2021
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