Federal Reserve Bank of Atlanta President Raphael Bostic speaking on monetary policy in a moderated conversation hosted by Emory University, in Atlanta, Ga:
- Right now range of possible outcomes has multiplied
- Boundaries of what I thought could be possible have been blown up
- Labor market is effectively at full employment
- Says inflation still much higher than target
- Not in a position to move boldy in any direction
- Need more clarity
- the fog has gotten really thick
- economy in a big pause
- businesses and households not confident on making big investments
- tariffs mean prices are likely to go up, so the timing of reaching the inflation target is likely to be pushed out
- see growth over 1% this year
- where economy will land depends on where administration policy lands
- moving boldly with policy wouldn’t be prudent
This article was written by Eamonn Sheridan at www.forexlive.com.
