Skip to content

Subscriber Only

Economics

Fed to Taper Asset Purchases in 2022 or Later, Say Economists

Powell likely to be offered second term, those surveyed say
Fiscal spending has upgraded the outlook for GDP, unemployment

By

Steve Matthews and

January 22, 2021, 10:00 AM UTC

Federal Reserve officials meeting next week are likely to put off any changes in their bond-buying program until 2022, when a tapering of purchases may begin, according to economists surveyed by Bloomberg News.

About 88% of the 40 respondents to a Jan. 15-20 questionnaire said the Federal Open Market Committee’s next move will be to shrink purchases gradually rather than to increase their pace.