Economics

Fed’s Bostic Says No Need to Move Faster Than Half-Point Hikes

Bostic: 50 basis points ‘is already a pretty aggressive move’
Atlanta Fed chief sees move to neutral range, then assessing

WATCH: Federal Reserve Bank of Atlanta President Raphael Bostic says he sees no need for the Fed to raise interest rates by as much as 75 basis points at a single meeting to control inflation.Source: Bloomberg

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By Steve Matthews

May 9, 2022 at 12:48 PM UTC

Updated on

May 9, 2022 at 6:03 PM UTC

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Federal Reserve Bank of Atlanta President Raphael Bostic said he favors policy makers continuing to raise rates by half-point increments rather than doing anything larger.

A half-point hike ‘’is already a pretty aggressive move,” Bostic told Michael McKee in an interview on Bloomberg Television on Monday. “I don’t think we need to be moving even more aggressively. I think we can stay at this pace and this cadence and really see how the markets evolve.”