Today news
About the same in other media
Fed's Barkin backs tapering plans and expresses concern about inflation
Reading now: 267
cnbc.comRichmond Federal Reserve President Thomas Barkin said Friday he's on board with reducing the amount of economic help the central bank is providing as concerns grow about inflation.
With the Fed indicating that it's likely to start pulling back on its monthly bond purchases, Barkin said that seems reasonable, and he's leaning toward beginning the process in November. Minutes from the September Fed meeting indicated that officials want to start tapering either next month or in December.
«If we do decide to taper at the next meeting, we're going to have a discussion on which of those two dates, I'm sure, and my instinct would be if you're going to decide it, go ahead and move,» he told CNBC's Steve Liesman during a live "Squawk Box" interview.
Read more on cnbc.comAbout this in other media
Fed Dials Back Bond Purchases, Plots End to Stimulus by June wsj.com /2 years ago
Everyone’s in The Sandbox: Artists, brands and creators pile into the Metaverse cointelegraph.com /2 years ago
Fed to start tapering bond purchases later this month as it starts pulling back on pandemic aid cnbc.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
