US News

Fed hawks circle before Powell speech as they push for bond taper

Published by

By Howard Schneider and Lindsay Dunsmuir WASHINGTON (Reuters) – The U.S. Federal Reserve’s hawkish wing used the day before a marquee speech by Fed Chair Jerome Powell to urge the central bank to begin paring bond purchases they feel have become ineffective, it not downright harmful. “We probably don’t need the asset purchases at this point,” St. Louis Federal Reserve president James Bullard said on CNBC on Thursday, repeating his call for the Fed to start trimming its $120 billion in monthly bond purchases soon and end the program by early next year. Bullard, along with Kansas City Fed presid…

Read More

Facebook Comments

Check Also

Hungary PM launches election campaign with $2 billion tax refund for families

Published by Reuters By Krisztina Than and Gergely ...