At last month's meeting of the Federal Reserve Board of Governors, the central bank of the United States, most participants said it would be appropriate to start reducing the scale of quantitative easing, called "tapering." I found out that it was.
The Fed released the minutes of last month's meeting on the 18th.
According to this, at the meeting, there was a full-scale discussion on measures to gradually reduce the scale of purchase of government bonds called "tapering" over the quantitative easing measures introduced by the Fed last year to respond to the spread of the new coronavirus infection. it was done.
Most of the participants said that they are making progress toward the goals of price stability and employment improvement regarding the US economic situation, and if further progress can be confirmed, they will start tapering within the year. Gave the view that is appropriate.
On the other hand, there was an opinion that the impact of the spread of the highly infectious mutant virus "Delta strain" on the economy should be watched.
In the financial markets, some say that if the employment statistics released on the 3rd of next month show steady improvement, the Fed may mention when and how to start tapering at a meeting scheduled for late. There is growing interest in the transitional phase of monetary easing.