Federal Reserve officials unveiled a new approach to guide their interest rate decisions last week after a very busy year responding to the coronavirus pandemic. On Thursday, Federal Reserve Bank of Atlanta President Raphael Bostic said it would be a “real mistake” for federal policy makers to declare victory prematurely in supporting the economy from the current shock. Wall Street Journal reporter Nick Timiraos interviewed Mr. Bostic during a live online broadcast to explore how the Fed is navigating the tough decisions now confronting it. Here is a transcript of the event:NICK...

Source: Wall Street Journal September 03, 2020 23:15 UTC