Fed’s Bostic says he’s firmly in quarter-point rate rise camp

Atlanta Federal Reserve President Raphael Bostic on Thursday said he is firmly in the camp that supports quarter percentage point interest rate hikes, saying that it was wise for the central bank to move cautiously.

“Right now, I’m still very firmly in the quarter-point move” camp,” Bostic said, in a roundtable with reporters on Thursday.

“I…

Fed’s Bostic says he’s firmly in quarter-point rate rise camp

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