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Fed Officials See Strong U.S. Rebound, Fanning Talk of Taper

  • Fed’s Barkin says U.S. faces ‘bumpy’ six months before pickup
  • Bostic open to late 2021 bond-buying taper, hinging on economy
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Fed Officials Bostic and Kaplan See Strong U.S. Rebound
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Federal Reserve officials said that more fiscal support and the mass distribution of vaccines could lead to a strong U.S. economic recovery in the second half, setting the stage for a discussion of potential tapering of bond buying before year’s end.

“I do think you’re looking at a second half that is going to be very strong and the question I think is how do we get through where we are today to that second half,” Fed Richmond Bank President Thomas Barkin, who votes on monetary policy this year, told CNBC in an interview Monday.