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

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