Economy

Bostic says Fed’s tools still have ‘juice’ and will be used if the economy slows

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Atlanta Federal Reserve President Raphael Bostic said the central bank is prepared to step in with more policy help if needed to help businesses and people get through what could be some tough months ahead.

Even with the prospects of at least two vaccines becoming available in the coming months, Bostic said there are multiple pockets of the economy that will need assistance.

“The vaccine is definitely positive news and will definitely lead to I think a pretty robust recovery once it gets into the population deep enough,” Bostic told CNBC’s Steve Liesman during a “Squawk Box” interview. “But we really have short-term and intermediate-term concerns with the spike in the virus and what that’s…



Source cnbc.com

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