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Federal Reserve signals plan to pull back US economic support even as coronavirus looms

This story is published in a content partnership with POLITICO. It was originally reported by Victoria Guida on politico.com on September 22, 2021.The Federal Reserve on Wednesday signalled it is on track to begin withdrawing some of its extraordinary support for the US economy later this year, even though officials are more pessimistic about the outlook for growth and job creation as the resurgent coronavirus weighs on the country.Fully half of the Fed’s 18 policymakers even pencilled in the…

Read the original article at South China Morning Post

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