Aug
20
Atlanta Fed Chief Pledges to Oppose Hike Inverting Yield Curve
By-
‘We have to pay attention and react,’ Bostic tells businesses
- Fed presidents are increasingly worried over flatter curve
Federal Reserve Bank of Atlanta President Raphael Bostic said prospects for an inversion in the Treasury yield curve, which is widely viewed as a signal of a possible recession, would prompt him to dissent against further interest-rate hikes.
“I pledge to you I will not vote for anything that will knowingly invert the curve and I am hopeful that as we move forward I won’t be faced with that,’’ Bostic said Monday in Kingsport, Tennessee, in response to an audience question. “The market is going to do what the market does, and we have to pay attention and react.’’…
Atlanta Fed Chief Pledges to Oppose Hike Inverting Yield Curve
