- Atlanta Fed president Bostic: Not my expectation that Fed would need to taper asset purchase program this year - Yahoo Finance
Market news
4 February 2021
Atlanta Fed president Bostic: Not my expectation that Fed would need to taper asset purchase program this year - Yahoo Finance
- We're not locked into anything, and our policy is actually going to be data-driven
- Says his modal forecast is for U.S. GDP to grow by 5% to 6% in 2021
- Does not expect that modal forecast is substantial enough to warrant QE tapering this year
- Emphasizes that Fed does not want to give off the impression that it is “eager” to pull back monetary policy support
- Reiterats that vaccine distribution will be the biggest driver for path of economy
- Few people have been inoculated to see any effect on aggregate performance of economy
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