Federal Reserve Chairman Jerome Powell holds a news conference after Federal Open Market Committee concluded its two-day meeting.
The Federal Reserve is expected to announce a more rapid transition away from its easy policies after its meeting Wednesday, as it sets the stage for the first interest rate hike next year.
The Fed is grappling with the highest inflation level in 39 years and the central bank is widely expected to announce an acceleration of the tapering of its bond-buying program, which was put in place during the pandemic to prop up the economy.
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Fed Chair Jerome Powell holds news conference after rate decision — 12/15/21