Inflation has surged as consumer spending and disrupted supply chains have created shortages
This week’s policy meeting could lay the groundwork for an announcement
Two regional Fed presidents traded excessively last year
Chair Jerome Powell signalled the beginning of the end of the Fed's pandemic response in a Friday speech
The decision for the U.S. central bank to dial back economic support becomes more complicated
More progress is needed on employment, price stability before tapering bond purchases, Powell says
The main concern is that the Fed will end up responding too late and too aggressively to high inflation
The NBER said the economy reached its lowest point in terms of jobs and output in April 2020
The Fed chair signalled no imminent change to ultra-low interest rates
The increase has heightened concerns that the Fed might introduce rate hikes earlier than expected