Fed’s Raphael W. Bostic is crossing the wires via CNBC and has said that the US will see a muted recovery, adding the recovery has been a mixed bag in his district. He is no big fan of negative interest rates.
Key comments
We are going to see a muted recovery and recovery has been a mixed bag in his district.
There is so much uncertainty that it is hard to be definitive about any outcome.
Not a big fan of negative rates.
Concerned about flare-ups and consumer impact.
Says there is still relief money available.
Banks should be preserving as much capital as they possibly can.
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