Fed’s Bostic Says Resilient Economy Provides Space for Patience
Federal Reserve Bank of Atlanta President Raphael Bostic urged patience amid uncertainty over economic policy, saying, “I believe a period characterized by such widespread uncertainty is no time for significant shifts in monetary policy.” Bostic said Thursday at an event in Frankfurt that a wait-and-see approach can help to ensure officials don’t have to reverse course on interest rates. (Source: Bloomberg)
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