Atlanta Fed Pres. Bostic
Atlanta Fed Pres. Bostic is speaking and says:
- It is clear the economy can stand on its own feet him
- The Federal Reserve has a little more to go raising interest rates in the coming months
- It will take time for cash to flow out of consumers bank accounts
- Businesses are still having trouble satisfying demand
- full effect of Ukraine war has not been felt yet, upward price pressure for industrial inputs still to come
- Ukraine is a large, further sorts of uncertainty for the Fed
- The Fed needs to be ready to either move faster or slower depending upon data and how the economy reacts
- It may be the case that the Fed needs to go "super hard on rate hikes, but that is not the baseline