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Fed’s Bostic Wants to Accelerate Pace of Bond Buying Taper

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Federal Reserve Bank of Atlanta President Raphael Bostic said Thursday he would like to get the Federal Reserve in position to raise its short-term interest rate target next year if inflation pressures don’t retreat from currently high levels.To get there, the Fed should accelerate the pace of its drawdown, or tapering, of its monthly purchases of Treasury and mortgage bonds, he said.“The...

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