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Monetary policy: Fed bankers consider faster exit from bond purchases

Fed building in Washington

The Fed only started this month to curb its bond purchase program, which lasted at $ 120 billion a month.


(Photo: Reuters)

New York Leaders of the US Federal Reserve (Fed) are publicly bringing a faster exit from bond purchases into play. “I will look closely at the data that we will receive by the December meeting, and it may well be appropriate to talk about a faster pace in reducing our balance sheet at the meeting,” said Fed Vice President Richard Clarida on Friday. Previously, the Fed Governor Christopher Waller had also asked the central bank to curb bond purchases more quickly in order to gain scope for interest rate increases.

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Reference-www.handelsblatt.com

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