It May Soon Be Time to Think About Tapering Bond-Buying

Federal Reserve Bank of Philadelphia leader Patrick Harker on Tuesday said he is getting ready to think about paring central bank stimulus as the economy continues to recover from the effects of the coronavirus pandemic.

“We’re planning to keep the federal-funds rate low for long, but it may be time to at least think about thinking about tapering our $120 billion in monthly Treasury bond and mortgage-backed securities purchases,” Mr. Harker said in a virtual appearance


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