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MNI BRIEF: Fed In No Rush To Adjust Interest Rates - Bostic

USCentral Bank NewsPolicy NewsFederal ReserveEM Policy NewsEM BriefBriefStoryNorth America

MNI (WASHINGTON) - Federal Reserve Bank of Atlanta President Raphael Bostic said Wednesday the Fed is in no rush to change rates until it sees how tariffs and other policy changes play out, echoing Fed Chair Jerome Powell's message to Congress this week. 

"We all have to sit tight, and we're sitting tight too. Until we have more clarity, it's going to be impossible to make a judgement about where our policy should go, how fast and at what pace. We're just going to have to get more information before we're going to be able to move on that," he told the National Association of Corporate Directors in Atlanta. "We're not in a hurry. We'll move when we have enough information to move."

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MNI (WASHINGTON) - Federal Reserve Bank of Atlanta President Raphael Bostic said Wednesday the Fed is in no rush to change rates until it sees how tariffs and other policy changes play out, echoing Fed Chair Jerome Powell's message to Congress this week. 

"We all have to sit tight, and we're sitting tight too. Until we have more clarity, it's going to be impossible to make a judgement about where our policy should go, how fast and at what pace. We're just going to have to get more information before we're going to be able to move on that," he told the National Association of Corporate Directors in Atlanta. "We're not in a hurry. We'll move when we have enough information to move."

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