- Atlanta Fed President Bostic expects U.S. economy to remain strong
Market news
21 February 2020
Atlanta Fed President Bostic expects U.S. economy to remain strong
- Says he is open to moving rates if he sees weakness in the future, but that is not his expectation at this time
- The economy is strong and can stand on its own feet and we should let it do that
- Labor market remains strong
- Bond market moves are reflecting low neutral rate of interest, with a flight to safety
- Businesses tell him coronavirus to be short-term disruption
- Models expect short-term hit from coronavirus but recovery after
- Does not believe balance sheet actions are pumping up stock prices
Market Focus
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