Citation :
In an interview with Yahoo Finance, Daly said that “if things continue to do what they’ve been doing, then I would completely support an accelerated pace of tapering.” ... At its meeting early this month, the Fed decided to reduce its asset purchases at a pace of $15 billion per month – bringing down the total purchases to $105 billion this month. This monthly pace of tapering would mean that the Fed will be buying assets until June. Some Fed officials have said they want to increase the pace of tapering so that the asset purchases end in March ... Financial markets view an end of asset purchases as a necessary condition for the Fed to “lift-off” and raise its short-term interest rate from the close-to-zero level in place since March 2020.
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