(The Center Square) — The head of the Federal Reserve Bank of Atlanta says the cumulative effects of monetary policy adjustments are showing signs of working.
The Federal Open Market Committee recently voted to maintain the 5% to 5.25% federal funds rate. While the FOMC’s Summary of Economic Projections “are not true forecasts in the statistical sense” or “commitments to follow a particular course of action,” financial market watchers view these projections as indicators of economic conditions, Raphael Bostic, president and CEO of the Federal Reserve Bank of Atlanta, said.
The Gwinnett Daily Post is a daily newspaper published in Gwinnett County, Georgia, and serves as the county's legal organ. The newspaper is owned by Times-Journal Inc. and prints Wednesday and Sunday each week.