Fed’s Bostic: Policymakers need to aim for both growth and sustainability

FX

Atlanta Federal Reserve President Raphael Bostic said on Thursday that FOMC policymakers need to aim for both growth and sustainability, as reported by Reuters.

“Business leaders are reluctant to hire to full capacity because they don’t know what steady state is,” Bostic noted. “It’s still a very open question if there will be less demand for workers.

Market reaction

These comments don’t seem to be having a noticeable impact on market sentiment. As of writing, the S&P 500 Index was up 0.55% on a daily basis at 4,265.

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