Fed Needs Clarity on New Policies Before Rate Cuts, Bostic Say

Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank must gain more insight on proposed policy changes on issues like trade and immigration before adjusting interest rates.

“My view is until we have more clarity, it’s going to be impossible to make a judgment about where our policy should go and how fast and at what pace, and so we’re just going to have to get more information before we’re going to be able to move,” Bostic said Wednesday in a question-and-answer session in Atlanta.