Weaker GDP data and higher inflation have muddled the picture
The prescribed rate on loans to family members remains set at 1%
Inflation has surged as consumer spending and disrupted supply chains have created shortages
This week’s policy meeting could lay the groundwork for an announcement
Some of the Fed's policymakers have argued that the bond purchases are driving up prices
CIBC's top economist crunched the economic data
A number of Republicans have already criticized the Fed for not beginning to taper
Ultra-low interest rates will stay in place until inflation “durably” reaches its 2% target
Research suggests that temporarily overshooting inflation has economic benefits
The Fed chair signalled no imminent change to ultra-low interest rates