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Elizabeth Warren Seeks SEC Probe Into How Trump Landed SPAC Deal

Reuters

As inflation surges, Fed to debate faster taper, earlier rate hikes

Federal Reserve policymakers are publicly debating whether to withdraw support for the U.S. economy more quickly to deal with surging inflation, with one of the central bank’s most influential officials signaling on Friday that the idea will be on the table at the Fed’s next meeting. It was just this month that the Fed decided the economy was strong enough to begin to trim its $120 billion in monthly asset purchases, put in place earlier in the pandemic to push down on borrowing costs and boost the recovery. Since that meeting, the economy has gained speed, with reports showing more than half a million jobs added in October, retail sales surging, and consumer inflation notching its biggest annual increase in 31 years.

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