Atlanta Fed president Raphael Bostic speaks at an Atlanta event.

The Atlanta Fed president Raphael Bostic is on the wires saying:

  • US economy pretty solid
  • inflation just a sliver below Fed's 2% target; performing well in that regard
  • volatility and markets attributed to uncertainty over trade policy, global economic clouds
  • US government shutdown will have small aggregate impact on economy if it stays shut
  • impact of shutdown could become more material if it endures
  • lack of data because of the shutdown will make it harder for the Fed to do its job
  • an increase in trade tariffs might push prices higher
  • Recent market volatility a potential symptom of something developing in the real economy
  • Behavior of long term interest rate indicates markets have not reacted strongly to reductions in Fed's balance sheet
  • Hard to see how Trump can remove Powell as Fed Chairman

Feds Bostic is speaking at an Rotary Club event in Atlanta. He is not a voting member in 2019. Bostic is more of a dove, but his comments of late have hardened his soft stance a bit.

there they