Bostic says Fed could do half-point March hike if needed

The Federal Reserve could opt to raise its benchmark rate by 50 basis points if a more aggressive approach to taming inflation is needed, Raphael Bostic, president of the Fed’s Atlanta branch, told the Financial Times in an interview. Bostic stuck to his prediction that three quarter-point increases starting in March is the most likely scenario, though stubbornly high consumer prices may justify a more robust rate rise. The Fed typically increases rates in quarter-point increments. “Every option is on the table for every meeting,” Bostic said on Friday. “If the data say that things have evolved in a way that a 50-basis-point move is required or be appropriate, then I’m going to lean into that.  . . . If moving in successive meetings makes sense, I’ll be comfortable with that,” he told the newspaper.
Source: The Bond Buyer