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The Fed is about to set its post-crisis policy course — with a high level of uncertainty ahead
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cnbc.comWhen the Federal Reserve adjourns its meeting Wednesday, it will be doing more than scaling down its economic aid. The central bank will be charting a course for its post-pandemic future.
Virtually everyone who cares about such things anticipates the policymaking Federal Open Market Committee, upon conclusion of its two-day meeting, will announce that it is reducing the amount of bonds it buys each month.
The process, know as «tapering,» probably will commence in the coming weeks and before November ends.
In doing so, the Fed is stepping away from a historic level of support for the economy and into a new regime in which it will still be putting its tools to use but to a lesser degree.
Though the move to cut the $120 billion a month in bond
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