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☆ Fed's Bostic: possible Fed could lower rates in late 2024 - CNBC
▼ + stars: | 2023-10-20 | by ( Michael S. Derby | ) www.reuters.com time to read: +1 min

FILE PHOTO: President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. But that’s possible next year, and “I would say late 2024” is on the table for an easing, Bostic said. The policymaker, who does not hold a vote on the rate setting Federal Open Market Committee this year but will next year, has said in recent remarks he believes the Fed is done raising rates. Bostic said in the television appearance that information he’s picking up points to an economy which, while still possessing forward momentum, is losing speed. “When I talk to businesses, they all tell me the slowdown is coming,” Bostic said.

Persons: Federal Reserve Bank of Atlanta Raphael, Bostic, Clodagh, Raphael Bostic, “, ” Bostic, ”, “ I’ve, he’s Organizations: Federal Reserve Bank of Atlanta, REUTERS, CNBC Locations: Dublin, Ireland

☆ Fed's Bostic: Lowering inflation still main US central bank mission
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. REUTERS/Clodagh Kilcoyne/File Photo Acquire Licensing RightsNEW YORK, Oct 19 (Reuters) - Federal Reserve Bank of Atlanta President Raphael Bostic said on Thursday that controlling inflation is still the U.S. central bank's mission, although he did not say what that means for monetary policy. Bostic said economic disparities built up over a long period and will not be eliminated quickly. He also said monetary policy is limited in helping reduce these imbalances. "Monetary policy can help create broad conditions conducive to sustaining economic expansions," Bostic said.

Persons: Federal Reserve Bank of Atlanta Raphael, Bostic, Clodagh, Raphael Bostic, Michael S, Richard Chang Organizations: Federal Reserve Bank of Atlanta, REUTERS, New School, Thomson Locations: Dublin, Ireland, U.S, New York

REUTERS/Clodagh Kilcoyne/File Photo Acquire Licensing RightsOct 10 (Reuters) - Atlanta Federal Reserve Bank President Raphael Bostic on Tuesday said the U.S. central bank need not raise borrowing costs any further, and sees no recession ahead even as the Fed's rate hikes so far slow the economy and bring down inflation. "I actually don't think we need to increase rates anymore" to get too-high inflation back down to the Fed's 2% goal, Bostic told the American Bankers Association, to applause. Policy is sufficiently restrictive, and "a lot" of the impact of the Fed's rate hikes so far is clearly yet to come, he said. The conflict between Israel and the Palestinian militant group Hamas which broke out over the weekend creates uncertainty for the United States and the global economy, Bostic said, noting that it will cause rethinking on markets and investments. If data comes in differently from what he expects, Bostic said "we might have to increase (the Fed policy rate), but that's not my outlook right now, and that's not my expectation."

Persons: Federal Reserve Bank of Atlanta Raphael, Bostic, Clodagh, Raphael Bostic, that's, Ann Saphir, Emelia Sithole Organizations: Federal Reserve Bank of Atlanta, REUTERS, Atlanta Federal Reserve Bank, American Bankers Association, Palestinian, Hamas, Thomson Locations: Dublin, Ireland, U.S, Israel, United States, Ukraine

It needs to translate into changes in economic outcomes," Bostic said in comments to reporters alongside the release of a new policy essay. Part of that adaptation is how the Fed's short-term benchmark is translated ultimately into mortgage rates, corporate bonds yields, and other securities that influence economic activity. In separate comments, Cleveland Fed President Loretta Mester said she similarly is watching how the rise in bond yields will play out, even though she feels the Fed's policy rate still needs to rise. It may well be that the Fed's hawkish rate posture is no longer the primary impetus for the rise in yields. Reporting by Howard Schneider and Dan Burns; Editing by Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

Persons: Federal Reserve Bank of Atlanta Raphael, Bostic, Clodagh, Raphael Bostic, Loretta Mester, Mester, Torsten Slok, Slok, Howard Schneider, Dan Burns, Andrea Ricci Organizations: Federal Reserve Bank of Atlanta, REUTERS, Rights, Federal Reserve, Treasury, Atlanta Federal Reserve, U.S, Cleveland Fed, Apollo Global Management, Reuters, Fitch, Treasury Department, Bank of, Thomson Locations: Dublin, Ireland, Atlanta, China, York

It needs to translate into changes in economic outcomes," Bostic said in comments to reporters. "I don't think the degree of response to date has been out of bounds" of what would happen "in an ordinary tightening cycle." But even though he agreed that recent jumps in long-term yields have been unusual, Bostic joined several of his colleagues in downplaying their relevance to policy - at least so far. "There is a lot going on and I cannot say I have all the answers," Bostic said. The things we are looking at is the pace at which the economy slows," not the rates themselves.

Persons: Federal Reserve Bank of Atlanta Raphael, Bostic, Clodagh, Raphael Bostic, Howard Schneider, Paul Simao Organizations: Federal Reserve Bank of Atlanta, REUTERS, Rights, Treasury, Atlanta Fed, Thomson Locations: Dublin, Ireland, U.S, China

☆ Analysis: With record diversity on their boards, Fed bank chiefs see lower chances of policy error
▼ + stars: | 2023-02-24 | by ( Ann Saphir | ) www.reuters.com time to read: +8 min

Fed bank directors generally stay out of the limelight, but many U.S. central bankers view them as a critical resource. "I think the probabilities are far higher of achieving that gentle transition, that smoother transition," San Francisco Fed President Mary Daly told Reuters in an interview. This year, of the 108 spots on the 12 Fed bank boards, 44% are filled by women, and 41% by people of color, a review of the data shows. Still, a majority of the Fed's economists are white men, as are its top two monetary policymakers: Powell and New York Fed President John Williams. Hispanics and Latinos, Menendez notes, are a fast-growing segment of the population but are underrepresented at the Fed at all levels, including on Fed bank boards.

☆ Federal Reserve probing Bostic's trading after blackout period transactions
▼ + stars: | 2022-10-14 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. The Federal Reserve is looking into trades that Raphael Bostic, the head of the central bank's Atlanta district, made during restricted periods. Fed Chair Jerome Powell "has asked the Office of Inspector General for the Federal Reserve Board to initiate an independent review of President Bostic's financial disclosures," a Fed spokesman said. Trading by Fed officials over the past several years has been a hot-button issue. The controversy also led to a revised policy that severely restricts the moves Fed officials can make.

☆ Inflation fight can avoid deep pain, Atlanta Fed president says
▼ + stars: | 2022-09-25 | by ( ) www.reuters.com time to read: +3 min

President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. REUTERS/Clodagh KilcoyneWASHINGTON, Sept 25 (Reuters) - Atlanta Federal Reserve President Raphael Bostic said on Sunday he still believes the U.S. central bank can tame inflation without substantial job losses given the economy's continued momentum. ... We are going to do all that we can at the Federal Reserve to avoid deep, deep pain." The Fed on Wednesday approved its third consecutive three-quarter point interest rate increase and issued projections that showed rates rising higher, and staying there longer, than investors had anticipated. The United Kingdom proposed tax cuts seemed to put fiscal policy at odds with efforts by the Bank of England to tame inflation with interest rate increases.

☆ Atlanta Fed President Bostic expects job losses but says there’s a really good chance to get to 2% inflation without killing the economy
▼ + stars: | 2022-09-25 | by ( Jack Stebbins | ) www.cnbc.com time to read: +1 min

President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. Bostic believes that the Federal Reserve can achieve its goal of 2% inflation without severely damaging the economy. "I do think that we're going to do all that we can at the Federal Reserve to avoid deep, deep pain." Bostic recognized that there will likely be job losses as a result of the Fed's actions. And so I actually think that there is some ability for the economy to absorb our actions," Bostic said, noting "considerable job growth" in his bank's hometown of Atlanta.

☆ Învestirea lui Joe Biden va avea loc într-un format redus din cauza pandemiei; De obicei, ceremonia atrage mulțimi enorme
▼ + stars: | 2020-11-23 | by ( ) www.jurnal.md time to read: +3 min

Miliardarul încearcă să anuleze rezultatul alegerilor prezidenţiale în mai multe state-cheie, precum Michiganul, unde Biden a obţinut de asemenea o victorie. Joe Biden urmează să devină la 20 ianuarie al 46-lea preşedinte al Statelor Unite. El se gândeşte la alcătuirea Guvernului său şi promite să anunţe marţi ”promele nume”, a anunţat Ron Klain. În privinţa ceremoniei învestirii - care atrage de obicei mulţimi enorme la Washington -, Ron Klain a evocat ”versiuni reduse ale tradiţiilor existente”. Este ceva de sărbătorit”, a declarat Ron Klain.

Persons: Donald Trump, Joe Biden, Miliardarul, Biden, Ron Klain, Statelor Unite . El, Janet Yellen, Sarah Bloom, Atlanta Raphael Bostic, Susan Rice, Antony Blinken, Trump, Cedric Richmond, Biden . Joe Biden Organizations: Casei, Statelor Unite ., Bank, CNN, Albă, NBC News, Colegiul Electoral Locations: corespondenţă, Pennsylvania, Statelor Unite, preşedintă, guvernatoare, Atlanta, Washington, ţară, tranziţie, justiţie, Colegiul

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