Atlanta Fed Bostic (non-voter): Need appropriate level of caution as we reopen economy

Author: Greg Michalowski | Category: Central Banks

Atlanta Fed Pres. Bostic takes part in online discussion of economy

The Atlanta Fed Pres. Andrew Bostic is taking part in a online discussion on the economy. He says:

  • Fiscal virus relief has really helped
  • he has not seen spike in the evictions that some expected
  • need appropriate level of caution as we reopen the economy
  • virus spikes raise questions on outlook for reopening
The comments are middle-of-the-road and not earth shattering. The Federal Reserve is on hold for an extended period of time (i.e. years). They have already done a lot from a monetary policy standpoint, and provided support (and promised additional support) in the case of further erosion.
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