could start normalizing interest rates next summer -Breaking
(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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