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Fed Minutes Provide Rough Contours of Tapering Discussion But Very Little Detail

The latest minutes of the Federal Reserve Open Market Committee came out earlier this week. Despite scant detail, there were indications that tapering would be announced and potentially even begin before the end of 2021. The minutes were largely backward-looking, though, and reflected a meeting that occurred before the extent of Delta’s impact was known.

The minutes did indeed show that most members think tapering was appropriate before the end of the year; however, since then, other developmen...

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