Cleveland Fed’s Pianalto signals willingness to taper
Sandra Pianalto, the Federal Reserve Bank of Cleveland president, believes there has been a 'meaningful improvement' in the United States labour market since the Fed's latest round of quantitative easing, and indicated a willingness to scale back asset purchases should the improvement continue.
Pianalto, speaking in Ohio yesterday, said employment growth in the US in the past year - during which time unemployment fell from 8% to 7.4% - was stronger than she had expected.
"In light of this
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