Bloomberg (Bloomberg) — It’s the Beginning of the End of Easy Money Subscribe to the New Economy Daily email, follow us on Twitter at @economics, and listen to our podcast. Central banks are beginning to back away from the emergency stimulus they used to combat the worldwide recession caused by the pandemic. The Federal Reserve’s Jerome Powell and colleagues have begun debating when and how to scale back their asset-purchase program, while China’s People’s Bank has already begun to curtail credit growth. Brazil, Mexico, Turkey, the Czech Republic, and Russia have all increased their inflation rates./n
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