Wednesday, 18 August, 2021
(BFW) Fed’s Rosengren Would Support Start to Tapering in Fall: F
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TWT 08/18 04:02 FT Economics: Top Fed official warns massive bond purchases are ill-suited for US economy t.co/mhWyAt3Haz
BN 08/18 04:07 *FED'S ROSENGREN WOULD SUPPORT TAPERING START NEXT MONTH: FT
BN 08/18 04:05 *ROSENGREN SAYS MASSIVE BOND PURCHASES ILL-SUITED FOR U.S.: FT
2021-08-18 04:17:55.182 GMT
By Max Zimmerman
(Bloomberg) — Eric Rosengren, president of the Boston Fed,
told the Financial Times that he would support the U.S. central
bank announcing next month that it would begin to taper its
monthly asset purchases this fall and eventually halt them by
mid-2022.
* He said that the emergency bond-buying program is ill-suited
for an economy held back by supply constraints
** Urged speedy end to stimulus to avoid debts and inflationary
pressures
* Purchases of Treasuries and agency-backed securities no longer
the right remedy given severe shortages of materials and
workers, he said
** Said in that environment the Fed is having more of an impact
on temporary surges of prices and less on getting back to full
employment and sustainable inflation
* Said rising debt loads fuelled partially by asset purchases
could eventually jeopardize the economy
To view the source of this information click here
To contact the reporter on this story:
Max Zimmerman in Tokyo at mzimmerman90@bloomberg.net
To contact the editors responsible for this story:
Niluksi Koswanage at nkoswanage@bloomberg.net
Tim Smith
https://blinks.bloomberg.com/news/stories/QY0OSQDWLU6S
