Powell urged fast end to QE despite signs of taper tantrum
Jerome Powell sensed taper tantrum was a risk, but urged Bernanke to act anyway, transcripts show
Federal Reserve chair Jerome Powell urged a faster end to asset purchasing in 2013 than many of his colleagues, despite recognising there might be a highly volatile market reaction.
After admitting he was concerned there might be significant volatility in the markets after the announcement, Powell insisted “there is no risk-free path”, according to the transcript of the June 2013 Federal Open Market Committee meeting.
“We’ve got to jump,” he said.
Later that year, the Fed announced plans to
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