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MNI BRIEF: Fed's Rosengren--'Little While' Before Taper Talk

(MNI)

Boston Fed chief Eric Rosengren said Tuesday it's still too soon to begin talking about reducing the pace of central bank asset purchases.

"The Fed is going to continue to be purchasing long-term assets until we see the economy is on a stronger economic footing," Rosengren said in remarks at an online event.

"I expect it to be a little while before we are even talking about tapering on our purchases of government and mortgage-backed securities," he said later in Q&A.

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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