Fed weighs cutting stimulus amid recovery, inflation concerns

The Federal Reserve has a lot to discuss this week as it weighs changes to its $120 billion-per-month asset purchase program and interest rate timeline. 

In meetings on Tuesday and Wednesday, the central bank will analyze disappointing job growth figures and white-hot inflation while considering when to raise its benchmark interest rate from near-zero, where it has sat since March 2020. It will also potentially consider “tapering” its $120 billion-per-month purchases of Treasury and mortgage bonds, which the Fed says have been needed to spur economic growth during the ongoing recovery.