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The Fed is stepping on the brakes

The Federal Reserve has been pushing the financial stimulus pedal to the steel nonstop since March 2020. For the primary time for the reason that pandemic erupted on the worldwide stage, it is easing off the gasoline.





© Al Drago/Pool/Getty Pictures


Shopping for billions of {dollars} price of presidency bonds and different belongings every month, the Fed has supported the financial system by way of Covid. However now the central financial institution is decreasing the tempo of these month-to-month purchases, slashing bond shopping for by $10 billion for Treasury securities and $5 billion for company mortgage-backed securities.

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Fed’s Brainard says central bank stepping up exploration of digital dollar

Federal Reserve Board Governor Lael Brainard speaks at the John F. Kennedy School of Government at Harvard University in Cambridge, Massachusetts, U.S., March 1, 2017. REUTERS/Brian Snyder/File Photo

Growing digital currency options could lead to a “fragmentation” of the payment system that poses financial risks for households and businesses, Federal Reserve Governor Lael Brainard said on Monday in a speech that outlined the major policy questions the Fed will need to address as it explores the potential development of a digital version of the U.S. dollar.

As the holder of the world’s reserve currency, the United States must be highly

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Arizona family thanks stranger for stepping up after son’s money was stolen

A family went to a Target in Gilbert to buy a toy that their son had been saving up for. Unfortunately, the money was stolen from the young boy, but it was the kindness from a complete stranger that helped the family. 

Seven-year-old Hudson and his mother Julia Vanderloo went to Target for the toy he had been

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