Fed’s Bowman ‘Very Comfortable’ With November Taper, Sees Inflation RisksEpoch Times, United States politics | The Epoch Times

Federal Reserve Governor Michelle Bowman on Wednesday said she would be “very comfortable” with beginning to withdraw some of the U.S. central bank’s crisis-era support for the economy as soon as next month, citing concerns about inflation and asset bubbles. The Fed’s purchase of Treasuries and mortgage-backed securities has been a centerpiece of its COVID-19 response, credited with staving off a financial crisis by pushing down on borrowing costs and encouraging investment and hiring as the economy reopened. “I am mindful that the remaining benefits to the economy from our asset purchases are now likely outweighed by the potential costs,” Bowman said in an address to South Dakota State University. “Provided the economy continues to improve as I expect, I am very comfortable at this point with a decision to start to taper our asset purchases before the end of the year and, preferably, as early as at our next …Read More

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