Bostic Says It's Prudent to Have 'Mildly Restrictive' Fed Policy
Market Intelligence Analysis
AI-PoweredFederal Reserve Bank of Atlanta President Raphael Bostic suggests maintaining a 'mildly restrictive' monetary policy to combat inflation, indicating a potential for interest rate hikes.
Market impact analysis based on bearish sentiment with 80% confidence.
Article Context
Federal Reserve Bank of Atlanta President Raphael Bostic says it is prudent to have rates that are "mildly restrictive" to return inflation to 2% level and that current Fed policy is 25-50 basis points above neutral. He speaks at a moderated discussion with the editor of the Birmingham Business Journal. (Source: Bloomberg)
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