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Time Nearer for Reducing Fed's Aid for Economy, Officials Say

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Time Nearer for Reducing Fed's Aid for Economy, Officials Say

Several Federal Reserve officials said Friday the day is approaching when the central bank will dial back the stimulus it is providing the U.S. economy, but they didn’t say when.

When it comes to changing the stimulative stance of monetary policy, “we are not in a position where that’s in play” yet, Federal Reserve Bank of Atlanta President Raphael Bostic said in a virtual appearance. “The economy is in a better place than it was in January, that means it is moving closer to that point” when the recovery will achieve the substantial…

Published at Fri, 21 May 2021 19:49:00 +0000

https://www.wsj.com/articles/time-nearer-for-reducing-feds-aid-for-economy-officials-say-11621626595?mod=pls_whats_news_us_business_f