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Fed officials grapple over timeline for tapering asset purchases

Published by
Reuters

By Jonnelle Marte, Lindsay Dunsmuir and Howard Schneider (Reuters) – The U.S. economy is growing at a robust pace and the labor market is rebounding, signaling it is nearly time for the Federal Reserve to start withdrawing its support, several U.S. central bank officials said on Wednesday. Policymakers are in the process of discussing how and when they should begin to trim the massive asset purchases launched by the Fed last year to stabilize financial markets and support the economy through the coronavirus pandemic, and there are a range of views. Kansas City Fed President Esther George said …

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