Friday’s Federal Reserve Vice-Chair could open the door to a faster withdrawal of its large-scale bond-buying program, allowing central banks to take faster-than-expected actions to curb inflation. I suggested that.

Richard Clarida said the Federal Open Market Committee could consider discussing the pace of the “taper” planned at the policy meeting scheduled for December.

Earlier this month, the Fed Winding down He said the $ 120 billion monthly purchase of mortgage-backed securities from the Treasury and government agencies is intended to save $ 15 billion per month. It will get it on track to completely remove the stimulus by mid-next year.

At the time, the Fed said it was “ready to pace” the tapering process, “if justified by changes in the economic outlook.”

On Friday, Clarida saw the “upward risk” to inflation and reiterated his view that he expects “very strong” growth in the fourth quarter of 2021.

“We’ll take a closer look at the data we’ve got between now and the December meeting, where it might be appropriate to discuss increasing the pace of shrinking our balance sheet,” he said. At an event hosted by the Federal Reserve Bank of San Francisco.

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