The U.S. Federal Reserve said Wednesday it has decided to scale back a massive bond-buying program amid the economic recovery from the coronavirus pandemic, a major shift toward normalization of monetary policy.After a two-day meeting of the policy-setting Federal Open Market Committee, the central bank said it will begin reducing monthly purchases in Treasuries and mortgage securities by $15 billion, while maintaining its target range for the federal funds rate at 0 to 0.25 percent, as widely expected.On growing inflation pressure in the United States, the central bank strengthened its war…READ FULL ARTICLE
