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ABA-Fed's Waller Says He Favors Faster Pace of Asset Tapering.

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ENPNewswire-November 22, 2021--ABA-Fed's Waller Says He Favors Faster Pace of Asset Tapering

(C)2021 ENPublishing - http://www.enpublishing.co.uk

Release date- 19112021 - Federal Reserve Governor Christopher Waller today said that rapid improvement in the labor market and 'deteriorating inflation data' have pushed him toward favoring a faster pace of asset purchase tapering.

He added that the next few months will be critical in determining how the tapering plays out.

'If COVID or some other factor substantially slows the recovery, hindering the progress toward maximum employment, the [Federal Open Market Committee] could slow the taper,' Waller said during an industry event. 'But if the economy makes quick progress toward maximum employment or inflation data show no signs of retreating from their currently high readings, the committee may choose to speed up the taper.'

Regarding the timing of the increase of the federal funds rate, Waller said that of the...

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