Fed’s George Says Still Too Soon to Discuss Tapering Bond Buying
- Kansas City Fed chief says central bank ‘far away’ from goals
- George speaks in interview with Bloomberg Television
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Federal Reserve Bank of Kansas City President Esther George said the U.S. central bank was still “far away” from achieving its goals and it was premature to start a debate on scaling back its massive bond-buying program.
“I continue to think it is too soon to try to speculate about that,” George said in a Bloomberg TV interview. “Until we see the path to getting past this virus, it will be difficult to make any prognosis about when that time might come.”