Atlanta Federal Reserve’s Bostic: Taper warranted if current trends continue, but…

Atlanta Federal Reserve’s Raphael Bostic has stated that the US is in the midst of a lot of “jumble” in the labour market, but the economy is on a firm footing for a full recovery.

Key comments

Fed trying to keep track of labour choices, child care, automation, other issues to understand how the economy has changed.

Homebuyers today in “much stronger position” than early 2000s, with lower risk of default.

Confident that as the economy heals yield curve will steepen.

Taper warranted if current trends continue, but still in a pandemic driven economy.

More to come…