Read the following article and provide examples of how they relate to finance courses such as inflation, monetary policy, fiscal policy, bonds, yields, TIPS, etc

A recent surge in coronavirus cases related to the more transmissible Delta variant has further clouded the outlook in recent months by potentially intensifying the challenges of slower growth and higher inflation. The Fed cut its short-term benchmark rate to near zero when the coronavirus pandemic hit the U.S. economy in March 2020, and it has been purchasing at least $80 billion a month in Treasury and $40 billion a month in mortgage bonds since June 2020 to provide additional stimulus. To conclude those purchases by the middle of next year, officials could pare those holdings by $10 billion and $5 billion a month, respectively, if they begin the process next month. That would be a somewhat faster timetablearound eight monthsthan during a previous taper experience that was announced in late 2013 and lasted over 10 months in 2014. I think this will be a shorter period, Mr. Powell said. The economys much farther along than it was when we tapered in 2013. Fed officials laid out a three-part test to raise interest rates one year ago that would require inflation to reach 2% and be on course to exceed that while the labor market returns to levels consistent with maximum employment. In December, officials said they would buy bonds at the current pace until the economy had made substantial further progress toward their goals of reversing a shortfall then of around 10 million jobs since the start of the pandemic and moving inflation back to their 2% goal over time. The Feds asset portfolio has doubled to $8.4 trillion from $4.2 trillion in February 2020. Mr. Powell had already indicated last month that most officials thought they had met their inflation progress test for tapering asset purchases, leaving the employment shortfall as the remaining hurdle. The economy has added around 4.7 million jobs this year through Augustclosing not quite half of the shortfall that existed in Decemberand the unemployment rate has fallen to 5.2% in August from 6.7% in December. Officials will see one more monthly employment report before their next meeting