The committee that sets interest rates for the Federal Reserve released the minutes from the November meeting where it first signaled that it could be dialing back all the economic help it’s been providing during the pandemic. Following the two-day session that concluded Nov. 3, the Federal Open Market Committee indicated it will begin cutting back on the monthly bond-buying program that had seen it purchasing at least $120 billion in Treasurys and mortgage-backed securities. The goal of the program was to keep money flowing in those markets while maintaining broader interest rates at low levels to boost economic activity....
