$ Fed Weighs Ending Taper By Mid-2022: WSJ - Gregory Mannarino on Suicide Watch

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At their July 27-28 meeting, FOMC members deliberated on two important questions: when to start paring their monthly purchases of $80 billion in Treasury securities and $40 billion in mortgage securities, and how quickly to reduce, or taper, them. The Fed is set to release on Wednesday minutes of the meeting that could provide further clues about those discussions.

Citing several Fed officials, recent interviews and public statements, Timiraos notes that several Fed officials have advocated for this accelerated timetable, which would enable them to raise interest rates sooner than currently anticipated if the economy makes rapid progress toward their goals. Last December, the Fed said it would continue the current pace of bond purchases until officials concluded they had achieved “substantial further progress” toward their goals of 2% average inflation and robust employment. More recently, Powell made it clear that the key hurdle is employment with the Fed willing to red inflation run red hot.
 
What the fuck do feds have against my long nose bois?
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