POWELL: 'BE CAREFUL NOT TO EXIT TOO EARLY' ON EASY MONETARY POLICY
Federal Reserve Chairman Jerome Powell said Thursday that central bank policymakers should be mindful of how they talk about any future pullback in easy monetary policy.
“Be careful not to exit too early,” Powell said in a webinar at Princeton University. “And by the way, try not to talk about exit if you’re sending that signal, because markets are listening.”
Powell’s remarks come as chatter builds over the central bank’s plans for its massive asset purchase program.
Atlanta Fed President Raphael Bostic said in recent weeks that he is “hopeful that in fairly short order we can start to recalibrate” so-called quantitative easing, suggesting that the central bank could begin tapering its purchases — as soon as this year.
Bostic is a voting member of this year’s policy-setting Federal Open Market Committee.
Source: Yahoo Finance