The Federal Reserve could well consider cutting its bond-buying by more than a $10 billion monthly increment in the future, Philadelphia Fed President Charles Plosser said on Saturday. The U.S. central bank trimmed its quantitative easing program to $75 billion per month from $85 billion, at a much anticipated policy meeting last month, reducing its extraordinary support for the U.S. economy. But “if the economy continues to grow and strengthen I think that there’s no reason why we shouldn’t want to consider speeding the process up if we can,” he said.
Thanks for checking us out. Please take a look at the rest of our videos and articles.
To stay in the loop, bookmark our homepage.