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Fed to Taper Asset Purchases in 2022 or Later, Say Economists

  • Powell likely to be offered second term, those surveyed say
  • Fiscal spending has upgraded the outlook for GDP, unemployment

Federal Reserve officials meeting next week are likely to put off any changes in their bond-buying program until 2022, when a tapering of purchases may begin, according to economists surveyed by Bloomberg News.

About 88% of the 40 respondents to a Jan. 15-20 questionnaire said the Federal Open Market Committee’s next move will be to shrink purchases gradually rather than to increase their pace.