Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank should move to taper its asset purchases after another strong month or two of employment gains, and proceed with that scaling-back process faster than in past episodes. “We are well on the road to substantial progress toward our goal,” Bostic told reporters after a webinar speech on Monday, calling the addition of 943,000 jobs last month “definitely quite encouraging in that regard. My sense is if we are able to continue this for the next month or two I think we would have made the ‘substantial progress’ toward the goal and should be thinking about what our new policy position should be.” Bostic is a rotating me
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