Federal Reserve Bank of Atlanta President Raphael Bostic in an interview with The Wall Street Journal laid out his thinking about the Fed’s September policy meeting, his belief that markets are incorrectly betting on the central bank cutting interest rates, and how overseas events could affect the U.S. economy and monetary policy outlook. Here is a transcript, lightly edited for clarity.
MICHAEL S. DERBY: So where I’d like to start out today is what we often do in these sorts of things. What is your read on the economy right now?
Federal Reserve Bank of Atlanta President Raphael Bostic in an interview with The Wall Street Journal laid out his thinking about the Fed’s September policy meeting, his belief that markets are incorrectly betting on the central bank cutting interest rates, and how overseas events could affect the U.S. economy and monetary policy outlook. Here is a transcript, lightly edited for clarity.
MICHAEL S. DERBY: So where I’d like to start out today is what we often do in these sorts of things. What is your read on the economy right now?