Fed's Bostic Says He's Comfortable With a December Rate Increase
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Federal Reserve Bank of Atlanta President Raphael Bostic said an interest rate increase may be appropriate in December given clear signs of growing inflation pressures.
“I am at this point feeling pretty comfortable about the idea that we will be looking to move rates come December,” Bostic told reporters before delivering a speech to the Atlanta Press Club on Tuesday. If the U.S. economy continues “to see strong signs of economic growth with a pickup in inflation,” then he would support a hike.