Fed's Bostic: I think the US economy will grow despite new variants

Market news

2 December 2021

Fed's Bostic: I think the US economy will grow despite new variants

Raphael Bostic, President of the Federal Reserve Bank of Atlanta, said on Thursday that analysis from the Fed board suggests that successive waves of Covid-19 have been associated with a milder slowdown each time. If that happens again, he added, he thinks the US economy will grow despite new variants.

Additional Comments:

"In early stages on omicron assessment on the economy."

"How much omicron affects people participating in the economy is key."

"I don't think demand and supply imbalances will get worse."

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