Fed faces 'balancing act' between inflation, faster growth

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The Federal Reserve has made it clear it is too soon to think about pulling back on stimulus for the pandemic-battered economy, but finds itself ...

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The Federal Reserve has made it clear it is too soon to think about pulling back on stimulus for the pandemic-battered economy, but finds itself stuck between an improving outlook and inflation fears.

Economists expect that influx of cash to shore up businesses and boost spending, but markets worry it will bring with it an upward spiral of prices. Members of the policy-setting Federal Open Market Committee are expected to raise their economic projections from December to take into account the stimulus and improving outlook.

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