Economy

Fed’s Bostic expresses caution about the pace of interest rate hikes

0


Atlanta Federal Reserve President Raphael Bostic on Tuesday expressed concern about the impact that rate hikes could have on the U.S. economic recovery, saying the central bank shouldn’t move so fast that it chokes off growth.

Bostic did not commit in a CNBC interview to what pace the Fed should take in increasing benchmark rates. Instead, he said policymakers should be measured in their approach and watch how what they do impacts conditions.

“I think I’m in the same areas as my colleagues philosophically,” he told CNBC’s Sara Eisen in a “Closing Bell” interview. “I think it’s really important that we get to neutral and do that in an expeditious way.”

“Neutral” is considered the rate at…



Source cnbc.com

0 0 votes
Article Rating

Fed’s Daly says the economy can handle rate hikes, but a mild recession is possible

Previous article

Coca-Cola (KO) Q1 2022 earnings beat estimates

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Economy