Monday, January 7, 2019 Atlanta Fed's Bostic Trims Rate Outlook Lester Murray
Raphael Bostic, President of the Atlanta Fed and an FOMC non-voter this year, told the Rotary Club of Atlanta this afternoon that he envisions one rate hike this year while sticking with the scheduled reduction of the Fed's balance sheet. Bostic cited the trade relationship with China and the eventual nature of Brexit as being big variables in how the economy will fare. Bostic joins Loretta Mester of the Cleveland Fed and Robert Kaplan of the Dallas Fed in being among those calling for either a pause in rate hikes altogether, or at least a reduction in the number being contemplated.
Posted on Mon, January 7, 2019
by Lester Murray