The Federal Reserve made no explicit mention of tapering anytime soon at this week’s FOMC meeting, but monetary tightening could begin in stages as early as 2022, said Danielle DiMartino Booth, CEO of Quill Intelligence.
Booth told David Lin, anchor of Kitco News, that interest rates would not have to rise to their historic average of 5.7% for debt payments to become unaffordable for the Treasury.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Danielle DiMartino Booth on Twitter: @DiMartinoBooth (https://twitter.com/DiMartinoBooth)
0:00 – FOMC meeting
5:09 – Current economic condition
8:22 – Double-dip recession?
11:30 – Tapering timeline
14:37 – How high can interest rates get?
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