Fed may taper bond purchases earlier than expected, Bostic says

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  • Atlanta Fed President Raphael Bostic says the central bank may taper bond purchases earlier than expected if the economy exceeds expectations at midyear, he said on Fox Business.
  • The remarks echo his comments on Monday, saying the purchases might be reduced later this year if vaccines boost the U.S. economic outlook.
  • The economic recovery will depend on the pace of vaccine distribution. If it’s slower “we will have a longer time period to really try to bridge and keep businesses and families secure,” he said.
  • Boston Fed President Patrick Harker, though, had said earlier today that he doesn’t expect the Fed to pull back from its bond purchases any earlier than very late in 2021.

www.google.com/amp/s/seekingalpha.com/amp/news/3649804-fed-may-taper-bond-purchases-earlier-expected-bostic-says

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