More from The Fed column

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The Fed has bet on a future of low inflation. Here’s what could go wrong

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Prominent chef tells Fed that worker shortages are due to ‘life changes’ in wake of pandemic

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The pre-COVID economy is not coming back, Fed’s George says

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Fed’s Mester backs taper of bond purchases starting in November

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Fed officials say tapering ‘may soon be warranted’ and interest rates rise penciled in for 2022

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Fed ‘dot plot’ signals higher U.S. interest rates in 2022, but Powell warns it’s not set in stone

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Read FOMC September statement

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Fed could fracture in 2022 over when to raise interest rates, economist says

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With Fed officials split over outlook, Powell seeks to find compromise tapering plan

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Fed to look for ways to tighten rules governing how its senior officials can invest in markets

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Biden will give Powell second term as Fed chair, say those who watch Washington for Wall Street

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Fed’s Mester backs bond buying taper this year despite slower job growth in August

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Fed’s Bowman expects tapering of bond purchases to begin this year

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Fed’s Kaplan expects to support a taper-plan announcement later this month

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Fed’s Williams: Labor market hasn’t cleared the hurdle to set off bond tapering