Fed's Bostic Says Job Is to Prevent Inversion of Yield Curve
- ‘I have had extended conversations with my colleagues’
- Atlanta bank chief backs 3 2018 hikes, though view could shift
Aviva Says Treasury Yields to Rise `Further out the Curve'
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Federal Reserve Bank of Atlanta President Raphael Bostic says he’s aware of the dangers of an inverted yield curve, which in the past has been viewed as a sign of impending recession.
“I have had extended conversations with my colleagues about a flattening yield curve” and the risks of it inverting, he said at a moderated forum in Augusta, Georgia on Wednesday. “We are aware of it. So it is my job to make sure that doesn’t happen.”