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Rosengren Warns Massive Bond Purchases Are Ill-suited For U.S. Economy (FT)

FED

In an FT interview Boston Fed President Rosengren said that he would "support the central bank announcing next month that it would begin to wind down or "taper" its $120bn in monthly asset purchases this autumn and get on track to halt them by the middle of 2022."

  • "The purchases of Treasuries and agency mortgage-backed securities were no longer the right remedy in an environment of severe shortages of essential materials and workers, Rosengren said. The current situation was different from the aftermath of the 2008 global financial crisis, when the Fed faced a shortfall of demand and addressed it by reducing borrowing costs, he added in an interview on Monday."
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MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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