Bostic: Hopeful Biden administration makes economic inclusion “a centerpiece”

FILE PHOTO: Federal Reserve Bank of Atlanta President Raphael Bostic participates in a panel discussion at the American Economic Association/Allied Social Science Association (ASSA) 2019 meeting in Atlanta, Georgia, U.S., January 4, 2019. REUTERS/Christopher Aluka Berry/File Photo

WASHINGTON (Reuters) – Atlanta Fed president Raphael Bostic said Tuesday he was hopeful issues around economic inclusion and equality “will be a centerpiece” of the incoming Biden administration and bolster the Fed’s increasing focus on those issues.

The nomination of former Fed chair Janet Yellen as President-elect Joe Biden’s Treasury Secretary, he said, means “a nice alignment and complementarity between the things that they try to do and a lot of the things we are working on.”

Reporting by Howard Schneider

source: reuters.com

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