Atlanta Fed president Bostic says it would be reasonable to trim bond purchases in October if U.S. job gains stay strong

Market news

27 August 2021

Atlanta Fed president Bostic says it would be reasonable to trim bond purchases in October if U.S. job gains stay strong

Thinks "substantial progress" benchmark to start bond-buying tapering would be met if August job gains match those in June and July
Wants taper process to finish "as quickly as possible" once started
Not objected to end tapering in Q1 2022
Says outlook for the economy has not been changed in material way by Delta coronavirus variant
Foundations of inflation are quite strong; reasonable measures show Fed has already met its goal of 2% inflation on average

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