Atlanta Fed president Raphael Bostic said yesterday that, “at the end of the day the trajectory of the economy is solid.” He added, “my models and the data I am seeing suggest we are on firm footing towards a full recovery and momentum is going to continue strong even amidst the rise of Delta.”
Separately, Fed Chair Jerome Powell told the Senate Banking Committee, “what I said last week was that we had all but met the test for tapering.” He added, “I made it clear that we are, in my view, a long way from meeting the test for maximum employment.”
