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Fed s Harker says it will soon be time to begin tapering bond purchases
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Fed s Harker says it will soon be time to begin tapering bond purchases
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Fed s Harker says it will soon be time to begin tapering bond purchases
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Fedâs Harker says itâs time to âthink about thinking aboutâ tapering By Syndicated Content
By Jonnelle Marte
(Reuters) â As the U.S. economy continues to recover from the coronavirus crisis and the labor market rebounds, it may be time for Federal Reserve policymakers to start thinking about the best way to slow the pace of its asset purchases, Philadelphia Fed Bank President Patrick Harker said on Wednesday.
âWeâre planning to keep the federal funds rate low for long,â Harker said during remarks prepared for a virtual event. âBut it may be time to at least think about thinking about tapering our $120 billion in monthly Treasury bond and mortgage-backed securities purchases.â