The Atlanta Fed President Raphael Bostic, does not expect a call for reduction at the FOMC meeting this month, but believes that the The US central bank may begin to adjust its stimuli later this year, the Wall Street Journal (WSJ) reported Thursday.
Featured statements
“Recent data asks for more time before making a decision.”
“But I still think the stimulus adjustment will be appropriate sometime this year.”
“When it’s time to do it, it’s better be faster than slow.”
“The economy is in a pretty strong position.”
“The Delta variant has slowed economic progress, but it hasn’t stopped it.”
Market reaction
The US Dollar Index does not benefit from the optimistic comments above, as it loses 0.12%, now trading at 92.55.
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