FirstFT: Federal Reserve could start to limit stimulus as soon as this year, says Daly
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The Federal Reserve could start “dialling back” its pandemic levels of monetary support for the US economy by the end of the year given the strength of the economic rebound, according to a top official at the US central bank.
In an interview with the Financial Times, Mary Daly, president of the San Francisco Fed, expressed confidence that the robust recovery in household and business activity would continue to gather momentum as more people returned to work and consumer spending remained buoyant, setting the stage for a policy pivot in the coming months.
“I remain very optimistic and positive about the [autumn] and ongoing improvements…
