Today news
About the same in other media
Fed’s Bostic Says Economy Probably Isn’t in Recession, More Rate Rises Needed
Reading now: 310
wsj.comFederal Reserve Bank of Atlanta President Raphael Bostic said he doesn’t believe the U.S. economy is in recession now and that the central bank will need to press forward with rate rises to lower high inflation.
“I don’t think the country is in a recession,” Mr. Bostic said Friday in an interview on National Public Radio. “One of the things that I’ve been encouraged by is actually how strong the job growth has been, which suggests to me there’s a lot of momentum in the economy.” He added: “There’s a lot of demand out there, and so I think we’re a ways away from a recession.”
Read more on wsj.comAbout this in other media
Six interest rate rises in a row? Blame greedy City bankers theguardian.com /1 year ago
Right-wing coalition on course to win Italy election, says study euronews.com /1 year ago
Bank of England will probably need to raise rates again, says deputy governor theguardian.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
