Fed’s Bostic Thinks Tapering Could Begin After Another Strong Jobs Report

The President of the Federal Reserve Bank of Atlanta, Raphael Bostic, said on Monday that the Fed should begin tapering the massive asset purchases following two consecutive months of strong job creation.

He believes moving from the current accommodative stance to a more normal policy should be faster than previously thought.

“My sense is if we are able to continue this for the next month or two I think we would have made the ‘substantial progress’ toward the goal and should be thinking about what our new policy position should be.”