Atlanta Fed President Raphael Bostic said that he is hopeful faster growth will offset debt and added that possible tax increases will be a conversation to have after the pandemic, as reported by Reuters.
Additional takeaways
“The impact of Suez Canal blockage does raise the issue of choke points in the supply chain; we hope it is a temporary blip.”
“Bitcoin take up is not so large it is a threat to existing currencies.”
“Not in a rush to establish a central bank digital currency, must better understand the implications.”
Market reaction
The US Dollar ındex showed no immediate reaction to these comments and was last seen gaining 0.32% on the day at 92.83.
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