The Fed: Fed’s Bostic says tapering will be gradual, and that central bank is watching progress of delta variant

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Atlanta Federal Reserve President Raphael Bostic on Wednesday said that the Federal Reserve’s tapering of monthly asset purchases would be “gradual” when it deems it appropriate to commence scaling back its COVID-era easy-money policies.

Atlanta Federal Reserve President Raphael Bostic on Wednesday said that the Federal Reserve’s tapering of monthly asset purchases would be “gradual” when it deems it appropriate to commence scaling back its COVID-era easy-money policies.