Fed’s Mester backs taper of bond purchases starting in November

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Cleveland Federal Reserve President Loretta Mester said Friday she wants the Fed to start to slow down, or taper, its bond purchases in November and end them sometime before next June. “Last December, the FOMC issued forward guidance that we would not begin tapering our purchases until substantial further progress had been made toward our goals of maximum employment and price stability.  In my view, the economy has met those conditions, and I support starting to dial back our purchases in November and concluding them over... Source link
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