Fed's Bostic: It is clear the economy can stand on it's own feet

Atlanta Fed Pres. Bostic is speaking and says:

• It is clear the economy can stand on its own feet him
• The Federal Reserve Federal Reserve The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the Read this Term has a little more to go raising interest rates in the coming months
• It will take time for cash to flow out of consumers bank accounts
• Businesses are still having trouble satisfying demand
• full effect of Ukraine war has not been felt yet, upward price pressure for industrial inputs still to come
• Ukraine is a large, further sorts of uncertainty for the Fed
• The Fed needs to be ready to either move faster or slower depending upon data and how the economy reacts
• It may be the case that the Fed needs to go "super hard on rate hikes, but that is not the baseline