Boston Fed President Raphael Bostic he’s “comfortable with an October timeline” for starting tapering if August job growth could match the near 1m number as with the previous two months. Also, once the tapering starts, he was “definitely looking to get this done as quickly as possible”, and put a full end to the asset purchases “toward the end of Q1” of 2022.
He also said that the spread of the Delta variant had not changed his economic outlook in any fundamental way. “What I have seen is some suggestion that things are slowing down, but they are still just slowing from extremely high levels. I have not seen big changes in the underlying dynamic,” Bostic added.
