Speaking in hypothetical terms, Fed Gov. Jeremy Stein suggests September as a start date for the...

|By:, SA News Editor

Speaking in hypothetical terms, Fed Gov. Jeremy Stein suggests September as a start date for the QE taper. He says the decision will be based on the totality of the economic numbers from the past several months and that - for instance - a weak summer nonfarm payroll print wouldn't delay the start of the taper. Instead, a series of weak reports might have the Fed reversing and extending the program as necessary.