Fed Has Time to Watch the Economy and Be Patient on Rates, Bostic Says
- Policymakers can get inflation to 2% without a recession
- Atlanta Fed chief speaks in interview on Bloomberg TV
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Federal Reserve Bank of Atlanta President Raphael Bostic said policymakers have time to watch how the economy is evolving and be patient when it comes to interest-rate moves.
“Today, my outlook is that we’re going to stay on that slow and steady and if we continue to do that then I think where we are now will be sufficiently restrictive to get us to the 2% level for inflation,” Bostic said in a Bloomberg TV interview with Michael McKee.