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Fed's Bostic: Government shutdown’s impact could become 'more material' if it endures

Atlanta Fed President Raphael Bostic is now on the wires, delivering the key remarks found below.

  • US economy looks ‘pretty solid’.
  • Market volatility attributed to uncertainty over trade policy, global economic 'clouds'.
  • Expects government shutdown to have ‘small aggregate impact’ on economy if it 'stays short'.
  • Government shutdown’s impact could become 'more material' if it endures.
  • Lack of government data during shutdown makes it harder for Fed to do its job.

Source: Reuters.

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