Economy

Fed Governor Waller sees reduction in bond purchases possibly starting in October

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The Federal Reserve could begin slowing down its bond purchases as early as October under a scenario central bank Governor Christopher Waller set out to CNBC in a Monday interview.

Should the August and September jobs report show growth in the 800,000 range, that would get the U.S. economy near its pre-pandemic level and, Waller said, meet the Fed’s benchmark for when it starts tightening policy.

“In my opinion, that’s substantial progress and I think you could be ready to do an announcement in September,” he told CNBC’s Sara Eisen on “Closing Bell.”

“That depends on what the next two job reports do,” he added. “If they come in as strong as the last one, then I think you’ve made the…



Source cnbc.com

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