Fed's Evans says taper to take until mid-2022 to complete

FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans looks on during the Global Interdependence Center Members Delegation Event in Mexico City, Mexico, February 27, 2020. REUTERS/Edgard Garrido

(Reuters) – Chicago Federal Reserve President Charles Evans on Wednesday reiterated that it will take until the middle of next year to complete the Fed’s wind-down of its bond-buying program, even as the central bank remains ‘mindful’ of inflation.

“We’re going to be looking to see how much additional accommodation is boosting inflation; if indeed that is the case, we’ll be thinking about when the right time to start raising rates will be,” Evans said at a virtual conference by the Mid-Size Bank Coalition of America.

“Then at some point we’ll let the balance sheet’s maturing assets roll off so that we get the size of the balance sheet back down south of where we are.”

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