Senior Fed officials differ on taper
Powell stands firm, but two regional presidents suggest a sooner-than-later approach
At least two regional Fed presidents called for tapering of its asset purchases in the near future amid heated debate over inflation in the US. The Federal Open Market Committee has so far resisted setting a date for ending or decreasing its quantitative easing programme.
At its June 15–16 meeting, the FOMC resolved to continue its QE programme at the rate of $120 billion in asset purchases each month. FOMC policy has been to keep QE unchanged until the economy moves closer to full employment
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