Federal Reserve

COMMENTARY

What is the Fed taper? An economist explains how the Federal Reserve withdraws stimulus

BY: - December 22, 2021

By Edouard Wemy, Clark University Tapering refers to the Federal Reserve 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 monetary policy of buying assets is commonly known as quantitative easing. The Fed first adopted this policy during the […]

Biden administration resists Democrats’ pleas on student debt relief as deadline nears

BY: - December 21, 2021

WASHINGTON — Congressional Democrats are urging the White House to extend the freeze on student loan repayments, and for the president to cancel up to $50,000 of student debt — but so far the administration is not budging. The standoff is one of the more noticeable splits between President Joe Biden and members of his […]