Fed's James Bullard wants taper to start by Dec, end by March 2022

The Fed has been buying $80 billion of Treasuries and $40 billion of mortgage-backed securities a month to help the economy heal from Covid-19 downturn

Federal Reserve policy makers should begin tapering of asset purchases in the fall and wind up the process by March in light of U.S. inflation running much higher than expected, Federal Reserve Bank of St. Louis President James Bullard said.
 

“My preference would be to get to a decision in September and start sometime after that,” Bullard told reporters on Friday after giving a virtual speech. “My main goal would be to get done by the end of the first quarter.”

The Fed has been buying $80 billion of Treasuries and $40 billion of mortgage-backed securities a month to help the