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!!! A state-by-state breakdown of US coronavirus cases !!!
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(1) 08282021 - Fed on track to slow aid for economy later this year
The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Friday, signaling the beginning of the end of the Fed’s extraordinary response to the pandemic recession. The Fed’s move could lead, over time, to somewhat higher borrowing costs for mortgages, credit cards and business loans. The Fed has been buying $120 billion a month in mortgage and Treasury bonds to try to hold down longer-term loan rates to spur borrowing and spending. Powell’s comments indicate the Fed will likely announce a reduction — or “tapering” — of those purchases sometime in the final three months of this year.
* spur = 원동력[자극제]이 되다, 자극하다; 박차를 가하다; 박차; 자극제, 원동력 / hold ~ down = ~ 유지하다; ~을 낮추다; ~을 억제하다; ~을 제압하다