The Fed, the central bank of the United States, has released the minutes of this month's meeting, which decided to reduce the scale of quantitative easing. Has been shown to be faster than expected.
At a meeting held on the 2nd and 3rd of this month, the Fed decided to begin reducing the scale of the quantitative easing that it had continued as a response to the Corona crisis, but on the 24th, it released the minutes of this meeting.
As a result, the meeting shared the perception among participants that the accelerating inflation in the United States is longer than initially expected.
On top of that, various participants need to accelerate the pace of reducing the scale of quantitative easing if inflationary pressure continues, and prepare to implement the next policy change, the "rate hike," earlier than currently expected. The opinion was given.
In financial markets, there is a view that the Fed will finish quantitative easing over the timing of rate hikes after the middle of next year, but the minutes show that if prices do not rise, it is possible to raise rates sooner. It is a shape that has been made.
In the United States, rising prices have become a problem, as the Biden administration has announced the release of oil reserves in collaboration with other countries, and there is growing interest in whether the central bank will turn to tightening monetary policy with inflation in mind.