- Analytics
- News and Tools
- Market News
- Fed’s Bostic: I'd like to see our policy get to a 'marginally' restrictive
Fed’s Bostic: I'd like to see our policy get to a 'marginally' restrictive
Speaking in a Bloomberg TV interview on the sidelines of the Jackson Hole Symposium, Atlanta Fed President Raphael Bostic said that “I'd like to see our policy get to a 'marginally' restrictive.”
Additional quotes
The economy's been producing a lot of jobs each month, we want to see that start to slow.
Levels inflation are now were unimaginable 18 months ago, we have to get inflation down.
I'd be comfortable with some weakness in labor markets, but we're far away from that.
Would like to get another 100-125 basis points higher than we are now, and sooner than later.
We still need to move in an orderly way.
I think we should stay there (at high rates) 'for a long time'.
Inflation is often the last data to respond.
I would be willing to see unemployment numbers moderate to get us back to target.
Asked if we're looking at a 'sea change' in global inflation, says it's an open question.
Reduction in balance sheet will have a restrictive impact on how the economy evolves.
Market reaction
The US dollar index is licking its wounds around 107.80, losing 0.61% on the day, awaiting Powell’s speech for fresh trading impetus.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
