Fed policy should become more neutral – Bostic
As the economy operates close to potential and inflation approaches target, rates can be raised, the Atlanta Fed president says
Lower unemployment and higher inflation expectations in the US lend support to the Fed’s gradual policy normalisation, said Federal Reserve Bank of Atlanta president Raphael Bostic in a speech on March 23.
“With the economy operating near its potential and inflation finally approaching the long-run target, it is appropriate, in my opinion, for monetary policy to be moving toward a more neutral stance,” Bostic said. “By neutral, I mean neither stepping on the gas to move the economy faster nor
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