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What is the Fed taper? This Is How the Federal Reserve Withdraws Stimulus


  Edouard Wemy, Assistant Professor of Economics, Clark University._____ Tapering refers to the Federal Reserve (Fed) policy of unwinding the massive purchases of Treasury bonds and mortgage-backed securities it’s been making to shore up the economy during the pandemic. The unconventional...

Inflation Is the Biggest Test Yet for Central Bank Independence


  Anton Muscatelli, Principal and Vice-Chancellor, University of Glasgow. ____ Central banks are being tested by the recent resurgence in inflation, with the US recently reporting an annual rate of inflation of 6.8%, the highest in nearly 40 years. The question they are all asking is whether...

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