• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Fed’s Mester says she would still like to begin taper this year

September 10, 2021 by David Barret Leave a Comment

September 10, 2021

(Reuters) – Cleveland Federal Reserve Bank President Loretta Mester said on Friday that she would still like the central bank to begin tapering asset purchases this year, joining the chorus of policymakers making it clear that their plans to begin scaling back support were not derailed by weaker jobs growth in August.

“I don’t think the August employment report has changed my view that we’ve made substantial further progress” on both inflation and employment, Mester told reporters.

The Fed’s policy-setting committee will have to decide on the best way to move forward and there may be different views on what the “precise timing” of the taper should be, Mester said.

But Mester said she would be comfortable with starting the taper this year and winding down the purchases over the first half of next year, repeating views she shared in late August.

At the start of the coronavirus pandemic last year, the Fed moved to support the economy slashing interest rates to near zero and purchasing $120 billion monthly in government bonds.

Several Fed officials said this week that the central bank may still move forward with plans to start reducing the pace of those asset purchases this year. Policymakers are slated to meet this month on September 21 and 22.

(Reporting by Jonnelle Marte; Editing by Chizu Nomiyama)

Source Link Fed’s Mester says she would still like to begin taper this year

David Barret
David Barret

Related posts:

  1. Wildfire raging in Spain forces more than 900 to flee, a firefighter dies
  2. U.N. says Afghan staff increasingly harassed, intimidated since Taliban takeover
  3. Dollar set for first winning week in three with Fed in focus
  4. China vehicle sales slid 18% in August – industry body

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • How Do We Predict The Weather? Find Out More In Issue 40 Of CURIOUS – Out Now
  • You Should Never Leave These Foods In Your Fridge Door (But We Bet You Do)
  • These Gullies On Mars Look Carved – We Might Finally Know What Created Them
  • Potential Environmental Trigger For Autism Identified, 3I/ATLAS’s Tail Appears To Have Changed Direction, And Much More This Week
  • Spaghetti Has Inner Secrets We’re Only Just Learning About
  • How Far Back In Time Could You Go And Still Understand English?
  • We Now Know How The First People Reached America – And It Wasn’t On Foot
  • Two Major Coral Species Now Functionally Extinct In Florida Keys, After Record-Breaking Marine Heatwave
  • A “Super-Earth” In The Habitable Zone Is Half The Distance To Comparable Worlds
  • Adorable But Critically Endangered Bornean Orangutan Born In Conservation Success
  • How Did The FDA Settle On The “2,000 Calories Per Day” Guideline?
  • Comet 3I/ATLAS Losing At Least Two Kangaroos’ Worth Of Dust Every Second
  • Mummified Dinosaur Duo Prove They Had Hooves, Marking “The First Confirmed Hooved Reptile”
  • What Do The Numbers On Your Toaster Really Mean?
  • NASA Vs. Elon Musk: Is A Moon Landing This Decade Off The Cards?
  • Scientists Explored Some Of The Deepest Parts Of The Ocean And Spotted Some Seriously Weird Deep-Sea Creatures
  • 500-Meter-Tall Megatsunami Struck Remote Alaskan Fjord After Massive Landslide
  • 3I/ATLAS, CKM Syndrome, And Mosquitoes’ Final Frontier
  • Male Humpback Dolphins Spotted Wearing Sea Sponge “Wigs” To Woo The Ladies
  • Can’t Sleep? The Military Sleep Trick That Helps You Fall Asleep in Just 2 Minutes
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version