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Federal Reserve Bank of Atlanta President Raphael Bostic urged patience amid uncertainty over economic policy, saying, “I believe a period characterized by such widespread uncertainty is no time for significant shifts in monetary policy" https://t.co/v78YbF4o2c https://t.co/GHRihSnxgg
Atlanta Fed President Raphael Bostic called for patience amid uncertainty over economic policy and said a wait-and-see approach can help to ensure officials don’t have to reverse course on rates https://t.co/x9V0tKQCRO
Fed's Bostic: wait-and-see approach on interest rates remains appropriate, particularly given economy’s resilience.
Federal Reserve Bank of Atlanta President Raphael Bostic said on 3 July that policy makers should keep interest rates steady, arguing that heightened uncertainty makes it unwise to alter the current monetary stance. Bostic said a "wait-and-see" approach would help the Federal Open Market Committee avoid having to reverse course later, adding that the economy remains resilient despite mixed signals. "I believe a period characterized by such widespread uncertainty is no time for significant shifts in monetary policy," he said.
