The August slowdown in job growth won’t throw off the Federal Reserve’s plans to reduce its asset purchases this year, four Federal Reserve officials said on Wednesday, though some cautioned a final decision requires more data.
In comments published overnight in the Wall Street Journal, Atlanta Fed president Raphael Bostic, a voting member on policy this year who had been nearing a decision to “taper” the $120 billion in monthly bond purchases, now says it is unlikely the Fed will announce a plan at its Sept. 21–22 meeting.
