Fed likely to begin tapering bond purchases at its next meeting
It will possibly raise rates much sooner and more aggressively than markets are anticipating, adds former Fed official
Add BT as a preferred source
THE US Federal Reserve is almost certain to begin tapering its bond purchases at its next meeting in early November, with the central bank possibly raising interest rates much sooner and more aggressively than markets are anticipating.
This was the assessment of William Dudley, the former president and chief executive officer of the Federal Reserve Bank of New York, at a virtual event on Thursday (Oct 7).
The 68-year-old American, who is also vice-chairman and a permanent member of the Federal Open Market Committee, made these comments at a Bank of Singapore client roundtable hosted by its chief economist Mansoor Mohi-uddin.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Singapore workers experiencing rising anxiety; signs of fallout from pressure to use AI
