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Fed's Pianalto: Scaling back QE could come soon

Daily newsbrief journal for March 2013, also see http://www.usdemocrats.com/weblog for a global compendium library and follow twitter @usdemocrats


Fed's Pianalto: Scaling back QE could come soon

Postby admin » Thu Mar 28, 2013 5:27 pm

Fed's Pianalto: Scaling back QE could come soon
WASHINGTON (MarketWatch) - Economic conditions could emerge "before long" that would allow the Federal Reserve to slow the pace of its $85 billion-a-month asset purchase program, said Sandra Pianalto, president of the Cleveland Federal Reserve Bank, on Wednesday. In a speech to the CFA Society in Cleveland, Pianalto said that the economy appears to be on a steady growth path and the potential risks of the asset purchases "appear manageable" at the moment. "I would regard a slowing in the pace of asset purchases to be a welcome direction for monetary policy, if it resulted from a significant improvement in the outlook for labor market conditions," Pianalto said.
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