Atlanta Federal Reserve Chairman Raphael Bostic said Thursday that FOMC officials must aim for both growth and sustainability, Reuters reported.
“Business leaders are reluctant to hire at full capacity because they don’t know what a steady state is,” Bostic said. “It is still a very open question whether there will be less demand for workers.”
Market reaction
These comments do not appear to be having a noticeable impact on market sentiment. At time of writing, the S&P 500 Index was up 0.55% on the day at 4,265.
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