Category: Raphael Bostic

Fed’s Powell Pledges Diversity Focus in Filling Reserve Bank Openings

October 2, 2021
bankBusiness & EconomydiversityEconomieseconomyEric Rosengrenjerome powellOpeningsRaphael BosticReserveUSUS News
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WASHINGTON—U.S. Federal Reserve Chair Jerome Powell on Thursday promised to redouble efforts to find “diverse candidates” to replace two high-profile officials who resigned this week after criticism of their securities trading, as the central bank tried to regroup from a blow to its typically staid, technocratic image. “I can absolutely guarantee you that we will…

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Bostic: US Near Full Employment Next Year, Rate Liftoff in 2022, Three Hikes in 2023

September 30, 2021
Business & EconomyEconomieseconomyemploymentFedfullRaphael BosticrateUSUS News
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WASHINGTON—Ongoing economic growth will push the U.S. to near full employment by the end of 2022, with interest rates beginning to rise that year and “no impediment” to a faster pace of rate hikes after that, Atlanta Federal Reserve bank president Raphael Bostic said Thursday. “I have the economy operating very strong … and nearing…

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Fed’s Bostic: US Job Market in a ‘Jumble,’ but Economy on Firm Footing

September 29, 2021
Business & EconomyCompaniesDistrict of ColumbiaEconomieseconomyFedFirmjobJumbleLocal NewsRaphael BosticRegional-Local NewsUSUS News
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WASHINGTON—The U.S. labor market is in a “jumble” as workers sort out child care and navigate an ongoing pandemic, but the country remains on track for a full recovery, Atlanta Fed president Raphael Bostic said on Tuesday. “There is a lot of shuffle and a lot of jumble and a lot of turbulence” as people…

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Fed Will Allow Labor Markets to ‘Run Their Course’: Bostic

September 28, 2021
Business & EconomyCompaniesEconomieseconomyFedlaborLocal NewsMarketsRaphael BosticRegional-Local NewsUSUS News
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Atlanta Federal Reserve Bank President Raphael Bostic on Monday reiterated the U.S. central bank’s commitment to making sure every American who wants a job can have one. “Without clear data demonstrating that an inflationary problem has arrived and is likely to last, we will allow labor markets to run their course, which can further our…

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Fed’s Bostic, Evans Back Rate Rises With Dovish Overtones

December 2, 0001
AtlantaBusiness & EconomyCharles EvansChicagoeconomic policieseconomyFederal Reservehikeinflationinterest rateMarketspresidentRaphael BosticUSUS News
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As expectations rise that the Federal Reserve will step up its efforts to contain inflation with bigger interest rate hikes, Chicago Fed President Charles Evans and Atlanta Fed President Raphael Bostic on Thursday provided a somewhat dovish counterpoint. “It’s time that we get off of our emergency stance—I think it’s really appropriate that we move…

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