Boston Fed President Says Stimulus Efforts Should Begin Slowing by Fall

Sharing is Caring!
  • The president of the Federal Reserve Bank of Boston added his voice Monday to a growing number of people, inside and outside the Fed, who say the central bank should soon begin to dial back its extraordinary aid for an economy that is strongly recovering from the pandemic recession.
  • Eric Rosengren said in an interview with The Associated Press that the central bank should announce in September that it will begin reducing its $120 billion in purchases of Treasury and mortgage bonds “this fall.”
  • The bond buying, which the Fed initiated after the coronavirus erupted in March of last year, has been intended to lower longer-term interest rates and encourage borrowing and spending.
See also  Crowd screams fu*k you and traitor at the US president's motorcade

The president of the Federal Reserve Bank of Boston added his voice Monday to a growing number of people, inside and outside the Fed, who say the central bank should soon begin to dial back its extraordinary aid for an economy that is strongly recovering from the pandemic recession.

See also  This Should Send Shivers Down The Spine Of Anyone Who Lived Through 2008...

Eric Rosengren said in an interview with The Associated Press that the central bank should announce in September that it will begin reducing its $120 billion in purchases of Treasury and mortgage bonds “this fall.” The bond buying, which the Fed initiated after the coronavirus erupted in March of last year, has been intended to lower longer-term interest rates and encourage borrowing and spending.

www.cnbc.com/2021/08/09/rosengren-fed-should-begin-slowing-stimulus-efforts-by-fall.html

427 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.