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Bostic Says Fed Could Do Half-Point March Hike If Needed

  • Atlanta Fed president tells FT all options on table if needed
  • Chairman Jerome Powell has left door open to tame inflation
Bloomberg business news
Fed’s Bostic Sees Half-Point March Hike as an Option
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The Federal Reserve could opt to raise its benchmark rate by 50 basis points if a more aggressive approach to taming inflation is needed, Raphael Bostic, president of the Fed’s Atlanta branch, told the Financial Times in an interview. 

Bostic stuck to his prediction that three quarter-point increases starting in March is the most likely scenario, though stubbornly high consumer prices may justify a more robust rate rise. The Fed typically increases rates in quarter-point increments.