Federal Reserve Bank of Atlanta reposted this
The celebration of America’s independence strikes me as an appropriate time to reflect on the vital role the Federal Reserve Bank of Atlanta and the Federal Reserve System play in the health of our nation’s economy. I think it is particularly fitting to ponder the Fed’s place during an election year in which the Federal Open Market Committee faces momentous decisions about the path of monetary policy. In this environment, the Federal Reserve’s independence is tested in ways it simply is not in other times. To be clear, we do not and will not allow political considerations to affect monetary policymaking. We remain focused exclusively on how best to achieve our dual mandate of sustainable maximum employment and price stability. We in the Federal Reserve have reason to be proud that, in trying times for many public institutions, ours is holding firmly to its integrity. That is the best way we can serve our fellow citizens. Have a safe and happy Fourth of July!
Thank goodness we in the US have exceptionally well trained people taking the long term economic health of our country front and center in their decision making.
I could be completely wrong because I haven’t written it down but in my experience selling real estate we commonly have an interest rate reduction before an election.
Well said Dr. Bostic. The Fed's place during an election year should be in the same place as a non-election year.
Nothing more important then integrity.
Well said, Raf! Agree with Frank that we miss you here in the USC community.
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Managing Director of Investor and Corporate Relations at OptimumBank
1moRaphael Bostic, a truly inspiring message. I hope to gain further inspiration on September 12 at: www.virtualbankingconference2024.com