Fed Likely to Announce Taper in November, Former Fed Official Says

Fed Likely to Announce Taper in November, Former Fed Official Says
The Federal Reserve building in Washington on May 1, 2020. Kevin Lamarque/Reuters
Reuters
Updated:

The U.S. Federal Reserve is likely to announce the tapering of its asset purchases in November and begin the process a month later, former Federal Reserve official Dennis Lockhart said on Thursday.

Waiting until November will give policymakers more data on the labor market’s recovery and economic growth, Lockhart told the Reuters Global Markets Forum (GMF).