Salem Radio Network News Friday, January 21, 2022

Business

Fed’s Bostic: Eyeing end of Q1 conclusion for bond taper

(Reuters) – Federal Reserve Bank of Atlanta President Raphael Bostic told the Reuters Next conference on Thursday it would be appropriate to conclude the tapering of the central bank’s bond-buying program by the end of the first quarter of 2022.

Bostic also said that if inflation continues to run as high as 4% through next year, that would present a good case for pulling forward interest rate hikes and raising them more than once through the course of 2022.

To watch the Reuters Next conference please register here https://reutersevents.com/events/next/  

(Reporting by Ann Saphir, Lindsay Dunsmuir and Dan Burns; Editing by Chizu Nomyama)

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