Feb 11 (Reuters) – The U.S. central bank is unlikely to cut its bond purchases this year, Federal Reserve Bank of San Francisco president Mary Daly said in an interview with the Wall Street Journal.
Daly stated that he still expects the US economy to pick up speed in the second half of the year with the distribution of vaccines against COVID-19, which would support an economic recovery.
But he added that it would not yet be time for the central bank to withdraw its $ 120 billion a month in bond purchases.
“For now, we have politics in a good place,” Daly said. “If you consider my perspective … then (the Fed) will continue to buy at the current rate until the end of this year.”
(Reported by Bhargav Acharya in Bengaluru; Edited in Spanish by Janisse Huambachano)
–
