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Fed’s Bostic Says Strong Recovery Could Open Door to Bond Taper This Year

Fed’s Bostic Says Strong Recovery Could Open Door to Bond Taper This Year

Federal Reserve Bank of Atlanta President Raphael Bostic said that if the economy snaps back quickly this year, the Fed may be able to start paring ba

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Federal Reserve Bank of Atlanta President Raphael Bostic said that if the economy snaps back quickly this year, the Fed may be able to start paring back its bond-buying stimulus efforts later in the year.

Mr. Bostic said he is open to slowing the central bank’s $120 billion-a-month Treasury and mortgage bond buying if the economy is performing well. “A lot of it will depend on how the virus and the vaccine distribution goes; but if it goes well, if we learn quickly, I think that there’s some good upside potential there” for…

This post first appeared on wsj.com

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