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Fed’s Waller Says September Taper Call May Be Warranted

  • Says ‘go early and go fast’ on taper if jobs stay strong
  • Fed governor says may want flexibility to raise rates in 2022
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Fed's Powell Says Progress Made Toward Taper Goal
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Federal Reserve Governor Christopher Waller said that if the next two monthly U.S. employment reports show continued gains, he could back an announcement soon on scaling back the central bank’s bond purchases.

“I think you could be ready to do an announcement by September,” Waller said Monday in an interview on CNBC. “That depends on what the next two jobs reports do. If they come in as strong as the last one, then I think you have made the progress you need. If they don’t, then I think you are probably going to have to push things back a couple of months.”