Goldman Sachs’s Hatzius Says Fed Could Taper Buying in September
This article is for subscribers only.
The Federal Reserve could announce a reduction of its monthly bond purchases as early as September if employment and inflation strengthen enough, said Jan Hatzius, chief economist at Goldman Sachs Group Inc.
While Goldman Sachs’s forecast remains for Fed officials to wait until December before slowing their $85 billion of monthly asset purchases, Hatzius said yesterday that so-called tapering could occur sooner.