Fed Chair Powell speaks following Fed's decision to start tapering bond purchases — 11/03/21

The Federal Reserve announced Wednesday it soon will begin reducing the pace of its monthly bond purchases, the first step towards pulling back on the massive amount of help it had been providing markets and the economy.

Tapering of bond purchases will start “later this month,” the policymaking Federal Open Market Committee said in its post-meeting statement. The process will see reductions of $15 billion each month -- $10 billion in Treasurys and $5 billion in mortgage-backed securities – from the current $120 billion a month that the Fed is buying.

Federal Reserve Chairman Jerome Powell holds a news conference after Federal Open Market Committee concluded its two-day meeting.

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Fed Chairman Jerome Powell speaks on post-pandemic monetary policy — 11/03/21

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