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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. 

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