Raphael Bostic, President of the Federal Reserve Bank of Atlanta, said Thursday that it would push for QE to end sooner rather than later.
“We need to reduce bond purchases, we have served a purpose.”
“The reduction will provide more options in 2022 on the takeoff of the interest rate.”
“If inflation remains high in 2022, around 4%, there will be good arguments to push interest rate increases and do more than one next year.”
“It is good that it is reduced before raising interest rates.”
“I think we are interested in gradually reducing the bond purchase program by the end of the first quarter of 2022.”
“The Fed may allow the data to inform policy once the reduction is out of the way.”
“We want to see continued momentum in job growth in tomorrow’s monthly report.”
“I don’t see any tension right now between peak employment and price stability.”
“The reduction will not slow down the economy, it will only remove some stimuli.”
“The job market is changing enormously”
I am Derek Black, an author of World Stock Market. I have a degree in creative writing and journalism from the University of Central Florida. I have a passion for writing and informing the public. I strive to be accurate and fair in my reporting, and to provide a voice for those who may not otherwise be heard.