Fed’s Williams says taper could happen this yearBloomberg“It could be appropriate” for the US central bank to begin tapering its bond-buying program before the end of the year, Federal Reserve Bank of New York President John Williams said on Wednesday. “Assuming the economy continues to improve as I anticipate, it could be appropriate to start reducing the pace of asset purchases this year,” Williams said in remarks prepared for a virtual event. “I think it’s clear that we have made substantial further progress on achieving our inflation goal,” Williams said. “Probably some of that is the Delta variant having some effects, but it’s hard to really know,” Williams said after the speech. He added that judging “substantial further progress” was ultimately about assessing cumulative job creation since December last year, when that marker was laid out.

Source: Taipei Times September 09, 2021 15:56 UTC