Fed’s Daly: Appropriate to consider tapering later this year

1 Minute Read by Reuters Staff Reuters, July 2 – By the end of this year, Federal Reserve Bank of San Francisco President Mary Daly believes the US central bank will be able to begin decreasing “a little bit” of its unprecedented support for the US economy. “The economy is actually shaping up beautifully,” Daly said in an interview with the Associated Press, which the San Francisco Fed recorded and provided to Reuters. Although she stated that the choice will be made by the Fed as a whole, she believes that “tapering asset purchases later this year or early next year” is reasonable. Ann Saphir contributed reporting, and Leslie Adler edited the piece./nRead More