Federal Reserve officials discussed the potential need to speed up the tapering of asset purchases in response to rising job gains and inflation.
Fed officials: Faster tapering may be needed
November 22, 2021 / By ICBA
Federal Reserve officials discussed the potential need to speed up the tapering of asset purchases in response to rising job gains and inflation.
Federal Reserve officials discussed the potential need to speed up the tapering of asset purchases in response to rising job gains and inflation.
Clarida: Following webcast remarks to the San Francisco Fed, Vice Chair Richard Clarida reportedly said updated data may make it appropriate for officials to discuss a faster pace of cuts to purchases of Treasuries and mortgage-backed securities.
Waller: In a separate speech, Fed Governor Christopher Waller said the rapid improvement in the labor market and deteriorating inflation data have pushed him toward favoring a faster pace of tapering.
Current Rate: The Federal Open Market Committee voted earlier this month to cut the Fed’s monthly net asset purchases by $10 billion for Treasuries and $5 billion for agency MBS.
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