Raphael Bostic, the president of the Federal Reserve Bank of Atlanta, is open to continuing to raise interest rates in the months to come if economic data clocks in stronger than expected. Bostic spoke with reporters on Thursday, acknowledging that he will update his policy trajectory if consumer spending is robust and labor markets remain…
Fed’s Bostic Open to Rate Hikes, Logan Warns Financial System Vulnerable to Bond Stress
Strong January Jobs Report Means Fed Raises Rates Higher Than Forecast, Says Atlanta Fed Chief
February 7, 2023
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It appears that the stronger-than-expected U.S. jobs report last week likely means that the Federal Reserve may be open to raising the interest rate higher than planned, said a member of the Fed board. Federal Reserve Bank of Atlanta president Raphael Bostic, in an exclusive interview with Bloomberg News on Jan. 6, said that the…
Atlanta Federal Reserve Chief Investigated for Breaking Trading Rules
October 16, 2022
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Raphael Bostic, president of the Atlanta Federal Reserve Bank, is currently under investigation after admitting to not disclosing certain trading activities that he engaged in during restricted periods. Since assuming office in 2017, Bostic claims he has ensured his assets are only held in managed accounts which neither he nor his personal investment advisor has…
Fed Can Avoid ‘Deep Pain’ in Inflation Fight, Atlanta Fed President Says
WASHINGTON—Atlanta Federal Reserve President Raphael Bostic said on Sunday he still believes the U.S. central bank can tame inflation without substantial job losses given the economy’s continued momentum. “If you look over history … there is a really good chance that if we have job losses it will be smaller” than in past slowdowns, Bostic…
Fed’s Bostic: ‘Everything in Play’ for July Rate Hike
ST PETERSBURG, Fla.—Atlanta Federal Reserve Bank President Raphael Bostic on Wednesday stoked rising expectations for more aggressive Fed action ahead, saying higher than expected June inflation might require policymakers to consider a 100 basis point increase at their meeting later this month. “Everything is in play,” Bostic told reporters during a tour of Tampa and…
Fed’s Bostic Says Slowing Global Growth a Reason for Fed to Be ‘Cautious’: CNBC
WASHINGTON—The potential for a global economic slowdown is the reason for the Fed “to be cautious” as it raises interest rates in coming months, Atlanta Fed President Raphael Bostic said in comments Tuesday to CNBC. “I don’t think it is easy to know for sure how strong the economy is going to continue to be…
Fed’s Bostic Sees 6 Rate Hikes This Year, Risks From War
March 21, 2022
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Atlanta Federal Reserve Bank President Raphael Bostic said Monday he has penciled in a total of six interest rate hikes this year and two for 2023, fewer than most of his colleagues as he worries about the effects of Russia’s invasion of Ukraine on the U.S. economy. “Getting the high rates of inflation under control…
Bostic: Fed Needs to Act ‘Soon’ to Be Sure Inflation Expectations Stay Controlled
WASHINGTON—U.S. inflation risks being pushed to a permanently higher level if the Federal Reserve does not get the current bout of price increases under control, Atlanta Fed president Raphael Bostic said on Tuesday. “The mostly pandemic-induced episodic price pressures could grind on long enough to fundamentally alter expectations,” and drive actual inflation higher, Bostic said…
Fed Rate Hike Could Be Half-Point If Needed, Says Raphael Bostic: FT
The Federal Reserve could supersize an interest rate increase to half a percentage point if inflation remains stubbornly high, Atlanta Fed President Raphael Bostic told the Financial Times in an interview. Bostic stuck to his call for three quarter-point interest rate increases in 2022, with the first in March, but a more aggressive approach was…
Fed’s Bostic Says He Remains Open to Faster Taper and One or Two Rate Hikes in 2022
November 27, 2021
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Atlanta Federal Reserve President Raphael Bostic said on Friday he is hopeful that the momentum of the U.S. economy will carry it through the next wave of the coronavirus pandemic, and said he remains open to accelerating the pace of the central bank’s bond taper. Earlier on Friday, the World Health Organization said it was…
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