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Omarova lays out ‘scary scenario’ in crypto, gets pushback from senators in hearing

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Reuters

Fed policymakers to debate a faster end to bond-buying

Federal Reserve policymakers are publicly airing the possibility they could pull back their support for the economy more quickly than they had signaled just weeks ago, with one top official urging a quicker wind-down of bond purchases and another signaling he’d want that discussion at the Fed’s next meeting. “I’ll be looking closely at the data that we get between now and the December meeting, and it may well be appropriate at that meeting to have a discussion about increasing the pace at which we are reducing our balance sheet,” Vice Chair Richard Clarida said at the San Francisco Fed’s 2021 Asia Economic Policy Conference. Earlier this month, the Fed began to trim its $120 billion in monthly asset purchases at a rate that would end them entirely by mid-2022, and said that if economic conditions warranted, it would be prepared to adjust that pace.

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