Wednesday, March 22, 2023

Appropriate to consider tapering later this year By Reuters


© Reuters. FILE PHOTO: Federal Reserve Board building is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo

(Reuters) – Federal Reserve Bank of San Francisco President Mary Daly said the U.S. central bank may be able to start reducing “a little bit” of its extraordinary support for the U.S. economy by the end of this year.

“The economy is really shaping up nicely,” Daly told the Associated Press in an interview, a recording of which was provided to Reuters by the San Francisco Fed. Although she said the decision will be made by the Fed as a group, in her view “it is appropriate to consider tapering asset purchases later this year or early next year.”

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