Additional comments from Raphael Bostic, the president of the Federal Reserve Bank of Atlanta, are crossing the wires with key quotes, via Reuters, found below.
- So far appears ‘few companies’ are putting proceeds of tax cuts to work in ways that will be ‘transformative’ for U.S. productivity.
- Scale of U.S. debt should ‘inform’ fiscal policymakers moving forward.
- Proposal to allow only semi-annual reporting by public companies ‘cuts two ways,’ with investors wanting more information, but less frequent reporting perhaps allowing longer-term focus by companies.
- One legacy of financial crisis is that bank examiners are ‘hyper-focused’ on risk.
- Uncertainty over trade is chief downside risk he sees to U.S. Economic performance.
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