menu search

Fed's Bostic: Wants to give economy more time to adjust to rate hike before doing more

Fed's Bostic: Wants to give economy more time to adjust to rate hike before doing more
Pressing ahead now with additional rate increases could 'needlessly drain' momentum from the economyPolicy hasn't been restrictive long enough for effects to hit, so it's prudent to waitRisk of waiting is that inflation rebounds, but 'that's not my baseline'Some further slowing of labor market may be necessary for inflation to return to 2%Bank contagion hasn't materializedThis is a strong dovish pushback from Bostic. Goolsbee earlier also sounded like he's not inclined to support a July hike... Read More
Posted: Jun 21 2023, 18:05
Author Name: forexlive
Views: 092094

Search within

Pages Search Results: