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Fed's Bostic says he's firmly in quarter-point rate rise camp

Por: MarketWatch Politics March 02, 2023

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“I do think we’re in a period now where it is appropriate for us to be cautious,” Bostic said, in part because a delayed impact of the Fed’s rapid rate hikes last year might hit the economy soon. “There is a plausible case to suggest that we’re going to see some more robust slowdown,” he added. On Wednesday, , Bostic said he wanted the Fed to raise its benchmark interest rate range to 5%-5.25%. At the moment, the benchmark rate is... + full article



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