Economics
Fed's Bostic Says an Interest-Rate Hike and a Cut Are Equally Likely
- Atlanta Fed chief says scales not tilted in ‘either direction’
- Risks could result in a cut if they slow economy, he says
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Federal Reserve Bank of Atlanta President Raphael Bostic said he sees no need to adjust U.S. monetary policy and that an interest-rate cut or increase are equally likely this year.
“If you ask me how the scales are, I don’t feel like for me they are tilted more to the cut than to the hike,’’ Bostic said Monday in a Bloomberg Television interview with Michael McKee from Amelia Island, Florida, where the bank is hosting its annual financial-markets conference. “I think we are pretty much in balance.’’