Fed's Bowman: Very comfortable with starting to taper, preferably in Nov

Reuters reported that the Federal Reserve Governor Michelle Bowman on Wednesday said she would be "very comfortable" with beginning to withdraw some of the US central bank's crisis-era support for the economy as soon as next month, citing her worries about inflation and asset bubbles.

"I am mindful that the remaining benefits to the economy from our asset purchases are now likely outweighed by the potential costs," Bowman said in remarks prepared for delivery to South Dakota State University.

• FED'S BOWMAN: VERY COMFORTABLE WITH STARTING TO TAPER BOND BUYS THIS YEAR, PREFERABLY IN NOVEMBER
• 13-Oct-2021 18:00:00 - BOWMAN: PARTICULARLY CONCERNED ASSET PURCHASES ARE PUSHING UP VALUATIONS, OR CONTINUED EASY FED POLICY POSES RISKS TO INFLATION EXPECTATIONS
• 13-Oct-2021 18:00:00 - BOWMAN: BENEFITS OF FED'S ASSET PURCHASES NOW LIKELY OUTWEIGHED BY COSTS
• 13-Oct-2021 18:00:00 - BOWMAN: IF EXPANSION CONTINUES AS EXPECTED, WILL SUPPORT A PACE OF TAPERING THAT WOULD END PURCHASES BY MIDDLE OF 2022
• 13-Oct-2021 18:00:00 - BOWMAN: EXPECTS STEADY PROGRESS TOWARD FED'S INFLATION, EMPLOYMENT GOALS IN COMING MONTHS
• 13-Oct-2021 18:00:00 - BOWMAN: FED'S TOOLS NOT WELL SUITED TO ADDRESSING LABOR SUPPLY ISSUES
• 13-Oct-2021 18:00:00 - BOWMAN SAYS SHE DOES NOT EXPECT EMPLOYMENT TO FULLY RETURN TO PRE-PANDEMIC LEVELS ANY TIME SOON, FOR REASONS UNRELATED TO MONETARY POLICY
• 13-Oct-2021 18:00:00 - BOWMAN: INFLATION READINGS WILL STEP DOWN AS SUPPLY BOTTLENECKS RESOLVED
• 13-Oct-2021 18:00:00 - BOWMAN: MATERIAL RISK THAT SUPPLY-RELATED PRICING PRESSURES COULD LAST LONGER THAN EXPECTED
• 13-Oct-2021 18:00:00 - BOWMAN: WAGE INCREASES, OTHER INVESTMENTS IN EMPLOYEES POTENTIALLY ADD TO INFLATIONARY PRESSURES
• 13-Oct-2021 18:00:00 - BOWMAN: SOME BANKERS CITING CONCERNS ABOUT POSSIBLE HOUSE PRICE BUBBLE, RISKS TO FINANCIAL STABILITY
• 13-Oct-2021 18:00:00 - BOWMAN: IF ELEVATED INFLATION READINGS CONTINUE, MAY SEE IMPRINT ON LONGER-RUN INFLATION EXPECTATIONS
• 13-Oct-2021 18:00:00 - BOWMAN: ANCHORING INFLATION EXPECTATIONS ARE AN IMPORTANT CONDITION FOR MEETING MONETARY POLICY GOALS