9/24/2021, 4:15 PM (Source: TeleTrader)
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Fed's George: Criteria for bond taper are met

President of the Federal Reserve Bank of Kansas City, Esther George, argued on Friday that the criteria for bond tapering have been met.

"Return to normal should allow continued growth, moderating inflation, but some changes from the pandemic may persist," George noted, adding that "the Fed will face a complicated discussion about the size of balance sheet once taper is complete."

The remarks come after Federal Reserve Chair Jerome Powell announced earlier this week the Fed could start tapering after the next FOMC meeting scheduled for November.

Baha Breaking News (BBN) / ND