St. Louis Fed’s James Bullard Would ‘Support Starting the Taper in November’ to React to Inflation – Economics Bitcoin News

St. Louis Federal Reserve president James Bullard told the press on Tuesday that he thinks the U.S. central bank needs to wind down the buying of $80 billion worth of monthly bond purchases. Bullard says he would support tapering starting as early as November, in order to “react to possible upside risks to inflation next year.”

On Tuesday, News reported on the rising concerns over inflation as the Federal Reserve’s latest Survey of Consumer Expectations (SCE) report explained U.S. households believe inflation will be higher a year from now. It’s been more than 20 months since the U.S. central bank started its massive quantitative easing (QE) programs to combat the disastrous economic consequences of government-ordered lockdowns and supply chain shutdowns.