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Fed’s Mester: Ready to begin taper this year and complete it by mid-2022

Fed's Mester: Ready to begin taper this year and complete it by mid-2022

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Cleveland Federal Reserve Bank President Loretta Mester on Friday said she would be comfortable with the central bank beginning to scale back its monthly purchases of Treasurys and mortgage-backed securities before the end of the year, winding down purchases by mid-2022. In an interview with CNBC, Mester, who will be a voting member of the policy-setting Federal Open Market Committee next year, said she would be comfortable with the central bank laying out its taper plans in September.

...read full article on Market Watch

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