Raphael Bostic, Interview: Marketplace

“It’s funny you asked that question, we had the same debate in my building. We called one of our crews, the go big or go home crew. I think from my view, if you think about the trajectory of where policy has been, not three, four months ago, a 50 basis point move was thought to be inconceivable. And so, 75 is a pretty big move given where the mindset was about what our policy’s actions were likely to be, not too long ago. So for me, I do think this is actually going pretty big and it definitely got people’s attention in a way that I hope will be helpful in moving the economy back into a more sustainable level.”