Asked about the need for the Fed to up its pace of bond purchases, Bostic said “foremost this is a public health crisis and I think distracting from that reality could get us to a place where we are focusing on the wrong thing.”
“We have signaled pretty clearly that we are going to continue positioning our policy to provide support. But I think there is a risk thinking that the Fed’s tools are the exclusive or the best positioned tools to get the economy into a more stable trajectory,” he said.
Bostic said he was worried about the deadlock in Congress over further fiscal support.
Source: Economy - investing.com
