- St. Louis Fed president Bullard: Fed should get going on taper and finish taper by end Q1 of 2022 - CNBC
Market news
26 August 2021
St. Louis Fed president Bullard: Fed should get going on taper and finish taper by end Q1 of 2022 - CNBC
- Notes inflation was higher than expected
- Says he is skeptical that inflation will moderate in 2022
- If inflation does not moderate, Fed should be more aggressive
- Thinks Fed should get going on taper and finish taper by end Q1 of 2022.
- Sees a lot of reasons to roll back emergency measures
- Economy is learning to adapt to the pandemic
- Vaccine acceptance is increasing
- Delta will peak at some point
- If inflation moderates, rate increases can be put off, but if not, rate increases should start sooner which could disrupt US economy
- If we get taper done sooner, we have some optionality in 2022
- Expects GDP 6% in 2021 and 4% in 2022
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