Wall Street closes lower as taper acceleration worries pile onto virus angst

In a testimony before the Senate Banking Committee, Powell indicated that he no longer considers high inflation as "transitory" and that the Fed would revisit the timeline for scaling back its bond buying program at its next meeting in two weeks.

Dec 1, 2021 - 08:05
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Wall Street closes lower as taper acceleration worries pile onto virus angst
In a testimony before the Senate Banking Committee, Powell indicated that he no longer considers high inflation as "transitory" and that the Fed would revisit the timeline for scaling back its bond buying program at its next meeting in two weeks.
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