Off The Wire
Fed's Bostic says progress has been made in starting to wind down asset purchases - FT
Oct 12 (Reuters) - Atlanta Federal Reserve President Raphael Bostic said progress has been made in starting to wind down the Fed’s monthly asset purchases program, according to a Financial Times report.
"I think that the progress has been made, and the sooner we get moving on that the better," Bostic said here in an interview to the FT, adding that labor market had made sufficient gains to allow the central bank to reduce its asset purchase programme. (Reporting by Aakriti Bhalla and Ismail Shakil in Bengaluru Editing by Chizu Nomiyama)