Fed's Bostic - Balance Sheet runoff not seen as significant tightening

Comments from Atlanta Fed President Bostic crossing the wires via Bloomberg-

  • Balance sheet roll off start not seen as significant tightening
  • Size of Federal Reserve balance sheet once normalised is an open question
  • Hurricanes won't knock US economy off track
  • US economy appears to be on a solid footing
  • Inflation to drift up to 2% over the next year or so

The Fed is set to begin the process of balance sheet normalization from this month. 

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