Federal Reserve Bank of Atlanta President Raphael Bostic believes the Fed will be able to pull back on its asset buying campaign this year, though he doesn’t expect a decision to do so will come at the U.S. central bank’s meeting this month.
Mr. Bostic, who for most of this year has advocated the Fed pare its $120 billion a month in Treasury and mortgage bond stimulus, said in an interview with The Wall Street Journal that recent data and the resurgence of the coronavirus pandemic call for more time before a decision on reducing stimulus for the economy.
