Economics
Fed’s Bostic Says Half-Point Move Possible If Inflation Persists
- Atlanta Fed chief currently favors a 25-basis-point rate hike
- Monthly inflation will be key in the size of hikes, he says
Raphael Bostic
Photographer: Elijah Nouvelage/BloombergThis article is for subscribers only.
Federal Reserve Bank of Atlanta President Raphael Bostic said he favors raising interest rates by 25 basis points at the Federal Open Market Committee’s March meeting and would consider a larger half-point move if monthly inflation readings fail to decline from elevated levels.
“I am still in favor of a 25 basis-point move at the March meeting,” Bostic said Monday in a virtual discussion with Harvard University students.