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Economists not surprised by Federal Reserve's plan to end bond & MBS purchases early in 2022 and boost rates in bid to tame inflation.
Chairman Powell tells Congress of concerns about inflation, COVID-19 variant’s effect on recovery.
The rise in consumer spending and credit card balances reflects a shift from COVID-19 economic behavior when most people scaled back spending and substantially paid down debt, researchers said.
First American Deputy Chief Economist Odeta Kushi reviews historical data to gauge effect on housing market, rates.
Also sets target range for the federal funds rate at 0 to 1/4%.
Stepping down early amid criticisms of personal stock trades made during the pandemic
