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    HomeNewsWorldFed's George: size of initial taper may not matter much

    Fed's George: size of initial taper may not matter much

    A top US central bank official said that the amount of tapering its monthly bond buying programme will not matter much.

    September 27, 2013 / 08:48 IST

    The scale of the first reduction in asset purchases by the Federal Reserve is not as important as the clarity with which it communicates about where its policies are heading, a top US central banker said on Thursday.


    Also read: Fed's postponed tapering positive for Asia: StanChart


    "I don't know that the initial amount really matters in the context of its impact," Kansas City Federal Reserve President Esther George told an audience in Denver after a speech.

    "What is important, though, is that we will have to be clear, once we start, where we will be going with the end of the program," she said.

    first published: Sep 27, 2013 08:48 am

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