Fed's George: Taper should come 'sooner rather than later'
FILE PHOTO: Kansas City Federal Reserve Bank President Esther George addresses the National Association for Business Economics in Denver, Colorado, U.S. October 6, 2019. REUTERS/Ann Saphir/File Photo
WASHINGTON (Reuters) - Kansas City Federal Reserve president Esther George said Thursday the Fed should start trimming its monthly bond purchases "sooner rather than later" given expected continued job gains and economic growth.
"The baseline outlook suggests we are going to continue to see job gains, continue to see strong growth," George said on Fox Business ahead of a major Fed research symposium Friday. Inflation numbers "coming in strong would suggest there is an opportunity to begin to dial back asset purchases."
(Reporting by Howard Schneider; Editing by Giles Elgood)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Accelerant, Harmonic surge, Cisco slides premarket on margin outlook
- Cisco rating cut at HSBC as analyst sees a lack of catalysts
- Fox upgraded to overweight as Roku deal, ad strength lift outlook
Create E-mail Alert Related Categories
Fed, General News, ReutersRelated Entities
Esther GeorgeSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share