Fed’s Bostic speaks with reporters: Backs a December rate hike, but….

Speaking to reporters after speech in AlabamaRaphael Bostic in comments to reporters after his speech in Alabama says:

  • Continues to back December rate hike but would pause rate hikes if saw continued weakening in US inflation, slump in district economy
  • He is comfortable with Fed continuing to hike rates
  • Does not expect radical departure from monetary policy due to new Fed leadership
  • Large profitable tech firms driving much of stock market rises
  • Agrees with me to discuss fresh Fed policy frameworks

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