Fed’s Bostic Open to Rate Hikes, Logan Warns Financial System Vulnerable to Bond Stress

Fed’s Bostic Open to Rate Hikes, Logan Warns Financial System Vulnerable to Bond Stress
Federal Reserve Bank of Atlanta President Raphael Bostic participates in a panel discussion at the American Economic Association/Allied Social Science Association (ASSA) 2019 meeting in Atlanta, Ga., on Jan. 4, 2019. Christopher Aluka Berry/Reuters
Andrew Moran
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Raphael Bostic, the president of the Federal Reserve Bank of Atlanta, is open to continuing to raise interest rates in the months to come if economic data clocks in stronger than expected.

Bostic spoke with reporters on Thursday, acknowledging that he will update his policy trajectory if consumer spending is robust and labor markets remain tight. This, he noted, would suggest that the U.S. central bank would need to employ additional tightening instruments.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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