Fed's Bostic says he wouldn't have supported last rate cut if he had a vote

Author: Adam Button | Category: Central Banks

Hawkish comment from the Atlanta Fed leader

  • Thinks economy is on way to hitting 2% inflation target
  • Evidence shows consumers are 'pretty rock solid'
  • Would want standing repo facility to be used in good and bad times to avoid stigma
Bostic is showing some hawkish stripes. He gets a vote in 2021, which is about the time the Fed should be thinking about hiking again.

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