The Federal Reserve is pivoting hard from a patient approach to pulling back support for the U.S. economy. Fed officials on Wednesday charted a much faster return from the unprecedented stimulus they deployed at the onset of the coronavirus pandemic than they’d initially planned. The bank’s policymaking committee announced it would aim to end its monthly purchases of Treasury and mortgage bonds by March, and expects to hike interest rates roughly three times by the end of 2022. The Fed has held off on reducing stimulus even as inflation rose for much of this year. Millions of workers remained on the sidelines for ... (full story)