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Two Fed Officials Push Back on Talking Bond Taper Any Time Soon

  • Bullard says ‘not close’ to re-running the 2013 taper exercise
  • Rosengren says ‘a little while’ away from bond buying debate
James Bullard welcomed the increase in the spread between short- and long-term debt.

James Bullard welcomed the increase in the spread between short- and long-term debt.

Photographer: Luke MacGregor/Bloomberg
Updated on

Don’t discuss reducing the amount of monetary-policy support for the U.S. economy while the pandemic is still raging, said two Federal Reserve officials after some of their colleagues mooted a debate later this year.

“We want to get through the pandemic and sort of see where the dust settles, then we will be able to think about where to go with balance-sheet policy,” Federal Reserve Bank of St. Louis President James Bullard said Tuesday during an online interview with the Wall Street Journal.