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Fed's Bostic: U.S. needs to be "beyond the crisis" before rate hike

Published 08/09/2021, 11:11 AM
Updated 08/09/2021, 11:15 AM
© Reuters. 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. REUTERS/Clodagh Kilcoyne

© Reuters. 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. REUTERS/Clodagh Kilcoyne

WASHINGTON (Reuters) - The U.S. should be well past the pandemic economic crisis before the Federal Reserve raises interest rates, Atlanta Federal Reserve bank president Raphael Bostic said on Monday.

"We need to make sure we are well beyond the crisis before we start moving interest rates," said Bostic, who had earlier said he felt conditions for raising rates would be met late in 2022.

Latest comments

beyond the plandenic created to finish us off? we're already the ccp in almost everything but name.
IS this guy really American? He doesn't look like one.
what economic crisis???? few people lost jobs but are better off with handouts? Few big companies made couple of quarterly loses? there has been no real crisis. it all has been a man made crisis by politicians. crisis are people dying of hunger on the streets
Rally time
It's easy to spend money which others won.
gdp is positive above pre pandemic + also more jobs created then lost since pre pandemic what beyond crisis according to us data its al good fed should hike to +1.25% or is data wrong all the way?
whose going to pay the interest on the 31T in debt pal?
 not me im european my savings are in switzerland, i guess u will :)
 yes growth means higher rate, thats why fed needs to hike, they dotn hike so inflation goes up, on the end fed gonna be on a point that there is no choice, hike rate = financial crisis, no hike = also financial crisis; the one pushed by debt the other pushed by expected china usa trolling
these fed officials are all over the place.
All companies are doing great. Wall Street doubled in 1 year. 6% inflation. What crisis?
inflation is the crisis
it's a politicians made crisis to grab more power. textbook. there was no crisis. people are happy with their handouts and out of job or working from home. or finally retiring early. there is no crisis!
Right, keep pumping funny money from thin air on every virus wave and inflation will be 15-20% a year and unstoppable.
Real inflation is already at 13-15 % right now, their phony CPI is designed to show fake tiny values
that's the plan. you think it's a mistake. we're already the CCP
Tell us more about "the crisis " , Rafa.
Rates will be low and central banks will be stimulating economies for decades ahead. All this talk is non sense
last month he said thay need higher rates fooken criminal
Thats true, good memory. U can see that they are playing actors in a comedy, they are fooling the american people, they are bluffing, in reality they have zero intention to raise rates
Should do jail time for market manipulation and lying.
Could he gives me an idea what're the Fed (or is there other govt inst) that can determine where is well beyond and the conditions postpandemic, or this is the new mantra other than inflation to keep flooding the system to maintain this millonaire ponzi scheme.
Another thief who should be jailed for the ponzi scheme.
Jan don’t give yourself a heart attack. You sound so frustrated. Everything OK?
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