Federal Reserve Governor Michelle Bowman on Wednesday said she would be “very comfortable” with beginning to withdraw some of the U.S. central bank’s crisis-era support for the economy as soon as next month, citing concerns about inflation and asset bubbles.
The Fed’s purchase of Treasuries and mortgage-backed securities has been a centerpiece of its COVID-19 response, credited with staving off a financial crisis by pushing down on borrowing costs and encouraging investment and hiring as the economy reopened.
