Fed’s Bullard Says 75% Vaccinations Would Allow for Taper Debate

Federal Reserve Bank of St. Louis President James Bullard said that getting three-quarters of Americans vaccinated would be a signal that the Covid-19 crisis was ending, a necessary condition for the central bank to consider tapering its bond-buying program.

“It’s too early to talk about changing monetary policy,” Bullard said in an interview with Bloomberg Television on Monday. “We want to stay with our very easy monetary policy while we are still in the pandemic tunnel. If we get to the end of the tunnel, it will be time to start assessing where we want to go next.”