Market news
10.09.2021, 14:42

Cleveland Fed president Mester: Would be comfortable with winding down asset purchases over H1 2022

  • Would still like to begin tapering asset purchases some time this year despite weak August jobs report
  • Delta variant is a risk to the outlook but not necessarily going to weigh heavily on economic activity
  • Expecting employment to continue to rise over the rest of the year
  • Some more people will join the labor market as issues with child care are resolved and some people train for new jobs
  • Wouldn't have a problem with Fed reviewing rules on how officials should handle investments


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