A former Federal Reserve official said the central bank is likely to announce a tapering to its massive asset-buying program at a policy meeting in November and begin the process a month later, as investors look for clues when the central bank will begin withdrawing some of the support that has boosted markets. Dennis Lockhart, who served as president of the Atlanta Federal Reserve from 2007 to 2017, made the prediction during a question and answer session at the Reuters Global Markets Forum (pdf) on Sept. 2. “I think at the September meeting, they could disclose a bit more, but I doubt the final decision will be announced at the September meeting. I put a bit more probability on an announcement coming out of the November meeting, with the start of the actual tapering maybe a month or so later,” Lockhart said. His remarks come as investors eagerly await signs …
Fed Likely to Start Tapering Bond Buys in December: Former Atlanta Federal Reserve Chief
September 3, 2021
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