Economics
Bostic Says He'd Back December Fed Hike If Economy Stays Healthy
- Atlanta Fed president says rise in wages is encouraging
- Continued robust economy would make him comfortable with Dec.
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Federal Reserve Bank of Atlanta President Raphael Bostic said continued strength in the U.S. economy would make him comfortable with raising interest rates in December.
In an interview with Bloomberg Friday following the release of September employment data, Bostic said the drop in the number of U.S. workers on payrolls last month probably reflected the disruption caused by hurricanes, masking a more positive underlying trend.