The Federal Reserve's moves to taper its bond-buying stimulus program could be problematic for workers, says AFL-CIO president Richard Trumka.
Speaking at a Bloomberg Government breakfast in Washington Tuesday, Trumka said, "It does scare me. If they get it wrong and we slow down too much you'll start to see unemployment pick up and job creation slack off."
In December, the Fed started to reduce its asset purchases by $10 billion at every policy meeting. It is currently buying $65 billion worth of Treasury and mortgage-backed securities every month, down from $85 billion a month in December. The next Federal Open Market Committee meeting will be held March 18-19.
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