William Dudley, former New York Fed president, predicted that the Federal Reserve will start tapering its asset purchases by the end of this year.
and a comparison against lower numbers last year as the economy was badly hit by the pandemic.
In addition, more people must gain employment before the U.S. faces a labor constraint that feeds through to inflation more persistently in the coming years,Still, Dudley said he thinks the Fed will discuss tapering its asset purchases — and start winding down its buying — by year end. Several Fed officials have said it's time to at least start talking about easing off asset purchases, a monetary policy tool referred to as quantitative easing. QE is used by central banks to spur economic activity by buying financial assets such as long-term securities. Selling off those assets will reduce money supply and could ease inflation.
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