Economics
Fed’s Williams Says 2021 Taper Start ‘Could Be Appropriate’
- New York Fed president assessing incoming labor-market data
- Williams wants to see more improvement on employment goals
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“It could be appropriate” for the U.S. central bank to begin tapering its bond-buying program before the year is out, Federal Reserve Bank of New York President John Williams said.
“Assuming the economy continues to improve as I anticipate, it could be appropriate to start reducing the pace of asset purchases this year,” Williams said Wednesday in remarks prepared for a virtual event. “I will be carefully assessing the incoming data on the labor market and what it means for the economic outlook, as well as assessing risks such as the effects of the delta variant.”