Appropriate to consider ending the taper as soon as possible Reuters

© Reuters. File picture: On November 22, 2021, Federal Reserve Chairman Jerome Powell listens to US President Joe Biden’s nomination for his second four-year term in the Southern Court Auditorium of the Eisenhower Executive Office Building at the White House in Washington, USA.

(Reuters)-US Federal Reserve Chairman Jerome Powell said on Tuesday that it is appropriate for the Fed to consider ending the “cutting” of large-scale bond purchases more quickly based on economic strength and high inflation.

The Fed launched a reduction plan earlier this month and announced a reduction plan that will be completed around the middle of the year, but it is widely expected that the timetable will be reconsidered at the next meeting in two weeks. Powell’s comments were made during testimony to the Senate Banking Committee.

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