Federal Reserve Governor Michelle Bowman on Wednesday said she would be “very comfortable” with beginning to withdraw some of the U.S. central bank’s crisis-era support for the economy as soon as next month, citing concerns about inflation and asset bubbles. The Fed’s purchase of Treasuries and mortgage-backed securities has been a centerpiece of its COVID-19…
Fed’s Bowman ‘Very Comfortable’ With November Taper, Sees Inflation Risks
Delta Darkens US Third-Quarter Growth Views, Fed Taper Announcement Expected in November: Poll
BENGALURU—The U.S. economic rebound has been dented in Q3, partly on the spread of the Delta coronavirus variant, with economists in a Reuters poll also pushing their expectations back to November for when the Federal Reserve announces an impending policy shift. Like in most countries, the U.S. economy is facing global supply chain disruptions due…
Fed Likely to Announce Taper in November, Former Fed Official Says
The U.S. Federal Reserve is likely to announce the tapering of its asset purchases in November and begin the process a month later, former Federal Reserve official Dennis Lockhart said on Thursday. Waiting until November will give policymakers more data on the labor market’s recovery and economic growth, Lockhart told the Reuters Global Markets Forum…
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