{"id":52295,"date":"2021-11-03T22:07:54","date_gmt":"2021-11-03T20:07:54","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=52295"},"modified":"2025-09-03T09:33:30","modified_gmt":"2025-09-03T06:33:30","slug":"fed-announces-tapering-of-emergency-stimulus-programme","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/fed-announces-tapering-of-emergency-stimulus-programme\/","title":{"rendered":"Fed announces tapering of emergency stimulus programme"},"content":{"rendered":"<p>The US Federal Reserve (the Fed) <a href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20211103a.htm\">will begin tapering<\/a> the emergency stimulus programme and trim its purchases of government bonds by $10 billion and mortgage-backed securities by $5 billion.<\/p>\n<p>In November, the pace of purchases will fall from $120 billion to $105 billion, and in December to $90 billion.<\/p>\n<p>The Fed also kept the federal funds rate target range at 0% to 0.25%.<\/p>\n<p>The statement noted that growth in economic activity and employment are influenced by the epidemiological situation and vaccination progress, which also help to curb inflation.<\/p>\n<p>The regulator plans to maintain accommodative monetary policy to achieve maximum employment and an inflation rate of 2% in the long run.<\/p>\n<p>As noted, PayPal co-founder Peter Thiel <a href=\"https:\/\/forklog.com\/en\/news\/peter-thiel-says-bitcoin-at-60000-is-a-sign-of-inflation\">called bitcoin at $60,000 an indicator of inflation<\/a>.<\/p>\n<p>Earlier, Jack Dorsey <a href=\"https:\/\/forklog.com\/en\/news\/jack-dorsey-warned-about-inflation-and-michael-saylor-saw-salvation-in-bitcoin\">pointed to signs of looming hyperinflation<\/a>, which &#8216;will change everything around&#8217;.<\/p>\n<p>Senator Rand Paul expressed optimism about the prospects of cryptocurrencies in the global financial system, <a href=\"https:\/\/forklog.com\/en\/news\/senator-rand-paul-has-not-ruled-out-bitcoin-becoming-a-reserve-currency\">calling fiat money &#8216;unreliable&#8217;<\/a>.<\/p>\n<p>Read ForkLog&#8217;s bitcoin news in our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Federal Reserve (the Fed) will begin winding down its asset purchases and cut the pace of purchases of government bonds by $10 billion and mortgage-backed securities by $5 billion.<\/p>\n","protected":false},"author":1,"featured_media":52296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1249,32,1224,26],"class_list":["post-52295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-federal-reserve-system","tag-gambling","tag-macroeconomics","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=52295"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52295\/revisions"}],"predecessor-version":[{"id":52297,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52295\/revisions\/52297"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/52296"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=52295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=52295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=52295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}