Rate Hikes Before 2023?
While most of his colleagues don’t see a rate hike until at least 2023, Atlanta Federal Reserve President Raphael Bostic said that he thinks the Fed’s emergency measures could start to be rolled back within the next two years if not sooner. (CNBC)
“I do think there is some possibility that the economy could come back a bit stronger than some are expecting,” he said during a virtual Q&A session before the Atlanta Rotary Club. “If that happens, I’m prepared to support pulling back and recalibrating a bit of our accommodation and then considering moving the policy rate.”