Central Banks
Fed’s Bostic Still Backs June Pause While Barkin Won’t Pre-Judge
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Federal Reserve Bank of Atlanta President Raphael Bostic is still in the camp who would like to hold interest rates steady next month while his Richmond colleague Thomas Barkin prefers to keep his options open.
“Our policy works with a lag. And we’re just at the very beginning of this time when that lag is starting to play out and you’re starting to see tightness emerge,” Bostic said on Monday. “Right now, absent a big change, I think I will be comfortable saying let’s just look and see how things play out.”