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MNI BRIEF: Faster Fed Taper Debate in Dec Appropriate-Clarida

(MNI) Washington

Federal Reserve Vice Chair Richard Clarida said Friday that it could be appropriate for the FOMC to discuss speeding up the central bank's slowing of asset purchases at its next meeting December 14-15.

"Speaking for myself, I'll be looking at the data between now and the December meeting, and it may well be appropriate to have a discussion about increasing the pace at which we're reducing our balance sheet," he said in Q&A at a San Francisco Fed virtual event.

MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com

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