Economics
Fed Atlanta President Bostic Says Faster Taper Would Give Option for Earlier Hikes
- Appropriate to discuss taper pace, be open to faster one
- Comfortable with first-quarter taper end given data, he says
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Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank may need to speed up its removal of monetary stimulus in response to strong employment gains and surging inflation, allowing for an earlier-than-planned increase in interest rates.