Bostic: Fed should let economy run for ‘a while’ before further rate action
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January 9, 2019Bostic: Fed needs to be patient, seek ‘greater clarity’ on economic risks
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Firms are growing cautious and hesitant to invest, a likely drag on growth in 2019 that should leave the Fed patient about further rate increases until there is “greater clarity” about the direction of the economy, Atlanta Federal Reserve bank president Raphael Bostic said on Wednesday.
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