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could start normalizing interest rates next summer -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO Raphael Bostic is the President of Federal Reserve Bank of Atlanta. He walks in to the three-day conference “Challenges for Monetary Policy”, held in Jackson Hole (Wyoming), U.S.A, on August 23, 2019. REUTERS/Jonathan Crosby

(Reuters) – Raphael Bostic, President of Atlanta Federal Reserve said Thursday that he thinks the Fed will raise interest rates by the middle next year. This would be when the U.S. economic system has regained its vibrant labor market before the pandemic.

Bostic told Marketplace that our projections show that the economic number will remain pretty close to pre-pandemic levels by the end of the next year. “And at that point, I think it’s appropriate for us to try to normalize our interest rate policy.”

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