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Category: Inflation (Economics)

Fed Officials Fretted Over Virus Surge at December Meeting

Minutes from the central bank’s December gathering show that Jerome H. Powell, the Federal Reserve chair, and his colleagues were hoping for a 2021 rebound.

The Year the Fed Changed Forever

Jerome H. Powell’s central bank slashed rates, bought bonds in huge sums and rolled out never-before-tried loan programs that shifted its identity. The backlash is already beginning.