Powell urged fast end to QE despite signs of taper tantrum

Jerome Powell gives testimony
Jerome Powell: “We’ve got to jump,” he said, according to the June 2013 meeting transcript
Federal Reserve

Federal Reserve chair Jerome Powell urged a faster end to asset purchasing in 2013 than many of his colleagues, despite recognising there might be a highly volatile market reaction.

After admitting he was concerned there might be significant volatility in the markets after the announcement, Powell insisted “there is no risk-free path”, according to the transcript of the June 2013 Federal Open Market Committee meeting.

“We’ve got to jump,” he said.

Later that year, the Fed announced plans to

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: