Fed Stays Steady

The Federal Reserve left interest rates unchanged, BUT they are beginning to taper off their bond buying program which will soak up some of the cheap money floating around out there and gently tighten the money supply.

This is a smart move that helps reduce inflationary pressures while at the same time avoiding strangling the recovery growing out of the pandemic recession.

Leave a Comment

Your email address will not be published. Required fields are marked *