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It’s the Beginning of the End of Easy Money Jul 04 2021, 8:22 PM July 04 2021, 4:31 AM July 04 2021, 8:22 PM (Bloomberg) Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. (Bloomberg) Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Central banks are starting to tip-toe away from the emergency stimulus they deployed to fight the pandemic-driven global recession. Federal Reserve Chair Jerome Powell and colleagues have begun debating when and how to slow their asset-purchase program, while the People’s Bank of China is already curbing credit growth. Brazil, Mexico, Turkey, the Czech Republic and Russia have hiked interest rates and others are starting to publicly detail how they may pull back support.

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