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economics

Fed Officials Saw Taper Starting in Mid-November or Mid-December

Updated on
  • Mull slowing Treasury buys $10 billion, MBS $5 billion monthly
  • ‘Most participants’ saw inflation risks weighted to the upside
Fed Minutes Show Taper May Start Mid-November or Mid-December

Federal Reserve officials broadly agreed last month they should start reducing emergency pandemic support for the economy in mid-November or mid-December amid increasing concern over inflation.

“Participants generally assessed that, provided that the economic recovery remained broadly on track, a gradual tapering process that concluded around the middle of next year would likely be appropriate,” minutes of the Sept. 21-22 Federal Open Market Committee meeting released Wednesday said.