Fed’s Quarles says time is coming for taper talk

Fed vice-chair Randal Quarles said the Federal Open Market Committee should start considering plans for tapering quantitative easing (QE) at “upcoming meetings”.

Quarles said on May 26 that the FOMC should consider “plans” to start tapering its QE asset purchases. Two other FOMC members said earlier this week that the committee might start discussing the need to taper QE purchases.

Quarles told an audience at the Brookings Institution that he was “among those who see the risks to inflation

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