Friday, August 23, 2013

San Francisco Fed President John Williams Says Timing of Start for Taper Depends on Data




San Francisco Fed President John Williams told CNBC the timing of the taper must depend on the economic data. He added that tapering should begin later this year, if the economy progresses.

He refused to say when, but added: "Any tapering ... we do would be in gradual steps over time ... assuming our forecast comes true."

Read more here.

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