Bill Dudley, Columnist

The Federal Reserve Will Taper, But Don’t Freak Out

Central bankers have some experience this time around.

July 1, 2021 at 10:00 AM UTC

Bill Dudley is a Bloomberg Opinion columnist. A former president of the Federal Reserve Bank of New York, he is a member of Coinbase Global's advisory council.

This time we know what we’re doing. — This time we know what we’re doing.
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The U.S. economy is making good progress toward meeting the Federal Reserve’s objectives for employment and inflation. This means it’s time to revisit a topic that generates great anxiety in financial markets: when and how the Fed will start removing stimulus by reducing its monthly purchases of securities.

Here are my answers to the most pressing questions.