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Fed’s Bostic Desires to Speed up Tempo of Bond Shopping for Taper

Fed’s Bostic Desires to Speed up Tempo of Bond Shopping for Taper

Federal Reserve Financial institution of Atlanta President Raphael Bostic stated Thursday he wish to get the Federal Reserve in place to boost its short-term rate of interest goal subsequent yr if inflation pressures don’t retreat from at present excessive ranges.

To get there, the Fed ought to speed up the tempo of its drawdown, or tapering, of its month-to-month purchases of Treasury and mortgage bonds, he stated.

“The…

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