Bostic: Fed must not inadvertently restrict economy

DUBLIN (Reuters) – It is important that the Federal Reserve does not move too fast and inadvertently restrict the economy, Atlanta Fed President Raphael Bostic said on Wednesday.

Bostic spoke early last month about the need to wait for greater clarity on the economy’s performance before the Fed’s recent decision to scrap a promise for further rate hikes and be “patient” on further moves.

“For me, I think it’s important that we don’t go too fast and act in a non-prudent way that lines up inadvertently restricting the economy,” Bostic told a banking conference in Dublin.

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.