Speaking to reporters after speech in Alabama
Raphael Bostic in comments to reporters after his speech in Alabama says:
- Continues to back December rate hike but would pause rate hikes if saw continued weakening in US inflation, slump in district economy
- He is comfortable with Fed continuing to hike rates
- Does not expect radical departure from monetary policy due to new Fed leadership
- Large profitable tech firms driving much of stock market rises
- Agrees with me to discuss fresh Fed policy frameworks
