Summary List Placement

BlackRock’s global fixed income chief investment officer, Rick Rieder, says the Fed should start tapering asset purchases “sooner rather than later.”

In an interview with Bloomberg on Monday, Rieder said he believes the Fed has done “an incredible job” rescuing the American economy amidst a global pandemic but thinks it’s “time to evolve the policy here” and begin tapering asset purchases.

The Federal Reserve, under the direction of chair Jerome Powell, said it will continue to buy at least $120 billion of bonds each month “until substantial further progress has been made toward the details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com