• Fed member sees gradual interest rates hikes in short term

    2 monthes ago - By Chron

    JACKSON, Miss. - Atlanta Federal Reserve Bank President Raphael Bostic said Thursday that he believes growth remains strong despite uncertainty over trade tensions, and he expects interest rates to continue to rise to a point where they neither stimulate nor slow the economy.
    "When the economy is doing well and standing on its own, as it is now, I think monetary policy ought to be moving toward a neutral stance," Bostic said in a speech before the Mississippi Council on Economic Education "For me, this means a gradual increase in nominal interest rates over the next handful of quarters.
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  • Fed member sees more interest rates hikes

    2 monthes ago - By Chron

    JACKSON, Miss. - A central banker says he believes growth remains strong despite uncertainty over trade tensions, and he expects interest rates to continue to rise "over the next handful of quarters."
    Speaking to the Mississippi Council on Economic Education on Thursday, Atlanta Federal Reserve Bank President Raphael Bostic discussed concern over President Donald Trump's protectionist trade policy.
    Bostic says the economic stimulus from recent corporate tax cuts has taken longer to filter through the economy than he'd expected.
    He says he thought the drag from trade fears and the push from...
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