‘Prudent’ to keep emergency lending programs open, says Atlanta Fed’s Bostic

20.11.2020 - Davydova Maria
‘Prudent’ to keep emergency lending programs open, says Atlanta Fed’s Bostic

Atlanta Federal Reserve Bank President Raphael Bostic said on Thursday that keeping the Fed’s emergency lending and backstop programs would be “prudent” to stabilize the financial markets and the broader economy.


In an interview with Bloomberg TV, Bostic said that he was slightly surprised that the Treasury decided to end some of the programs by Dec. 31. 


“Given where the economy is, and there’s so much uncertainty that’s still out there, it’s prudent to keep those things open so that when people if they do have stress they can draw upon it,” Bostic stated. 

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