(Reuters) – Atlanta Federal Reserve Bank President Raphael Bostic on Friday said he is fully supportive of a three quarters of a percentage point interest rate rise at the central bank’s next policy meeting later this month.
“We can move by 75 basis points at the next meeting and not see a lot of protracted damage to the economy,” Bostic said in an interview with CNBC.
(Reporting by Ann Saphir and Lindsay Dunsmuir; editing by Chizu Nomiyama)
