More Fed Officials Open to Speeding Up Bond-Buying Taper, Rates Liftoff

More Fed Officials Open to Speeding Up Bond-Buying Taper, Rates Liftoff
Federal Reserve Board Chair Jerome Powell (L) speaks as Lael Brainard (R) listens during an announcement at the South Court Auditorium of Eisenhower Executive Office Building in Wash., on Nov., 22, 2021. Alex Wong/Getty Images
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A growing number of Federal Reserve policymakers indicated they would be open to speeding up the elimination of their bond-buying program if high inflation held and move more quickly to raise interest rates, minutes of the U.S. central bank’s last policy meeting showed.

The readout released on Wednesday was the latest indication that anxiety about rising inflation at the Fed has now taken root, with many officials at the Nov. 2–3 meeting also suggesting elevated price pressures could prove more persistent.