Fed’s Bostic: Central bank will be able to taper later this year
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Atlanta Fed President Raphael Bostic does not expect a call on tapering at this month's FOMC meeting but he believes the US central bank will be able to taper later this year, the Wall Street Journal (WSJ) reports on Thursday.
Additional quotes
“Recent data calls for more time before a decision to be made.”
“But still thinks tapering sometime this year will be appropriate.”
“When it is time to do so, "faster is better than slower".”
“Economy is in a fairly strong position.”
“Delta variant has slowed economic progress but has not stopped it.”
Market reaction
The US dollar index fails to benefit from the above hawkish comments, as it loses 0.12% across its main peers to now trade at 92.55.
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