The member of the Board of Directors took a position in favor of a milder increase in Fed interest rates. and head of the Atlanta branch, Rafael Bostic, shortly after data showed that the personal expenditure index (PCE) – the Bank’s preferred gauge of inflation – was slowing. In particular, in his statements after the […]
Tag: Raphael Bostic
Bostic (Fed): In favor of raising interest rates by 75 bp. at the next meeting
Atlanta Federal Reserve President Raphael Bostic said today that he fully supports raising US interest rates by 75 basis points at the bank’s next monetary policy meeting at the end of the month. “We can move 75 bps into the next session without seeing extended damage to the economy,” Bostic said in an interview with […]
Bostic (Fed): More interest rate hikes if inflation persists
Rafael Bostic, a member of the Fed’s board, appeared open to further interest rate hikes than planned at the moment, in case inflation persists at the extremely high levels it is at today. In particular, as reported by Bloomberg, speaking at an event in Florida, Mr. Bostic stressed that “we will definitely bring our interest […]
Bostic (Fed): ‘Extremely aggressive interest rate course’ is not the best choice due to uncertainty from Ukraine
The goal of the Federal Reserve’s monetary policy is to bring galloping inflation under control, but an “extremely aggressive rate hike” is not the best course of action due to the economic uncertainty caused by the war in Ukraine, he said. Atlanta Fed Chairman Raphael Bostic on Monday. The Fed estimates that an interest rate […]
