Atlanta Fed’s Bostic says Fed needs to take wait and see approach to possible tariffs

FORT LAUDERDALE, Fl. (Reuters) – Atlanta Federal Reserve bank president Raphael Bostic said the central bank needs to take a wait-and-see attitude over the impact of the Trump administration’s proposed tariffs.

The levies could be challenged in court or in Congress, Bostic said.

“There has not actually been anything done yet. We have to take a wait-and-see attitude,” Bostic said. “The claim that there are national security interests in these tariffs could be challenged…. The Congress could just change the law and say don’t do this anymore.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.