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Analysis: U S jobs report bolsters case for Fed to taper asset purchases

Analysis: U S jobs report bolsters case for Fed to taper asset purchases
streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.

Analysis: U S jobs report bolsters case for Fed to taper asset purchases

Analysis: U S jobs report bolsters case for Fed to taper asset purchases
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Analysis-U S jobs report bolsters case for Fed to taper asset purchases

Analysis-U S jobs report bolsters case for Fed to taper asset purchases
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Key Fed official sees rates liftoff in 2023 as policy debate heats up

Key Fed official sees rates liftoff in 2023 as policy debate heats up By Lindsay Dunsmuir and Ann Saphir Reuters WASHINGTON (Reuters) - Federal Reserve Vice Chair Richard Clarida, a key architect of the U.S. central bank s new policy strategy, said on Wednesday an interest rate hike was likely in 2023 given the surprising pace of the economic recovery from the coronavirus pandemic. He was joined by two other policymakers in signaling a desire to move soon to start reducing the Fed s massive bond-buying program as well, though one of them - Dallas Fed President Robert Kaplan - was clear he viewed an earlier taper of the central bank s $120 billion in monthly asset purchases to be a precursor not of faster rate hikes but of a more patient approach to raising borrowing costs.

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