Fed's Bostic - Balance Sheet runoff not seen as significant tightening

Comments from Atlanta Fed President Bostic crossing the wires via Bloomberg-

• Balance sheet roll off start not seen as significant tightening
• Size of Federal Reserve balance sheet once normalised is an open question
• Hurricanes won't knock US economy off track
• US economy appears to be on a solid footing
• Inflation to drift up to 2% over the next year or so

The Fed is set to begin the process of balance sheet normalization from this month.