Fed's Bostic: The Fed is not locked into a 'paradigm', changes possible

Author: Adam Button | Category: Central Banks

Bostic in a slow walk-back from ultra-easy policy?

  • Changes possible if economy recovers faster
  • Not ruling out a return to unemployment as low as 3.7%
  • Any changes in bond buying would need strong moves in unemployment, inflation and virus control
  • Not 'super concerned' about rise in 10-year rates, not something the Fed needs to react to
Bostic is a voter this year and there is a clear pattern now of officials sounding less dovish and open to tightening measures late this year.

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