Atlanta Fed's Bostic: Not a fan of negative rates

Author: Greg Michalowski | Category: Central Banks

Fed's Bostic has been speaking often in virtual webcast

  • we are going to see a muted recovery and recovery has been a mixed bag in his district
  • there is so much uncertainty that is hard to be definitive about any outcome
  • not a big fan of negative rates
  • concerned about flareups and consumer impact
  • there is still relief money available
  • Bank should be preserving as much capital as they possibly can

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