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Economy

Fed poised to begin tapering as early as next month

Minutes from September meeting of FOMC indicate stimulus program could end by mid-2022

The Federal Reserve Bank of New York: The Fed is poised to begin phasing out its pandemic-era stimulus program as soon as next month.   © Reuters

WASHINGTON (Financial Times) -- The Federal Reserve is poised to begin phasing out its pandemic-era stimulus program as early as next month and wrap up the process by mid-2022, as the economic recovery advances and more officials pencil in an interest rate rise next year.

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