Atlanta Fed's Raphael Bostic wraps up...........>

FED: Atlanta Fed's Raphael Bostic wraps up comments in a webinar to JAXUSA

Partnership. Highlights:

- Said he doesn't anticipate 13(3) facilities becoming long-standing liabilities

to the Fed balance sheet. "They're going to roll off." 

- "We will over time as recovery happens return back to a stance that we were

pre-crisis," he said. "Emergency measures are for emergency times. Once those

emergencies are over those measures need to go away and be retired."

- Said the longer we have "tremendous" uncertainty over reopening, the public

health response, and the science behind a vaccine, the more likely portions of

the Covid-19 economic impact could be permanent. 

- Delays to fiscal aid could lessen the efficacy of a response, he said.

"Wrestling" in Washington over additional fiscal stimulus, he said, is similar

to financial crisis debates.