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Clarida Doesn’t See the Fed Paring Asset Purchases in 2021

  • Vice chair sees brighter economic outlook despite virus surge
  • Clarida isn’t concerned by rising bond yields, stock prices
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Mester: More Fiscal Action Won’t Justify Fed Pull-Back
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Federal Reserve Vice Chair Richard Clarida said he doesn’t expect the central bank to begin tapering its asset purchases this year despite an expected strengthening of the economy as the pandemic fades.

“My economic outlook is consistent with us keeping the current pace of purchases throughout the remainder of the year,” he said Friday during a virtual discussion hosted by the Council on Foreign Relations.