© Reuters. Raphael Bostic, President of the Federal Reserve Bank of Atlanta, poses for a photo in Knoxville, Tennessee, U.S., March 23, 2018. REUTERS/Ann Saphir/File Photo
NEW YORK (Reuters) – Federal Reserve Bank of Atlanta President Raphael Bostic said on Thursday he sees no reason right now to stop the central bank’s ongoing drawdown of liquidity from the market.
“I’m comfortable to continue this,” Bostic said of the balance sheet drawdown commonly referred to as quantitative tightening.
Bostic said he doesn’t see a shortage of liquidity that would cause the Fed to shift gears on the balance sheet cuts, in comments to a gathering held by Money Marketeers of New York University Inc.
Source: Investing.com