Federal Reserve Bank of Atlanta Governor Bostic said that unknowns surrounding the US presidential election may cause some businesses and consumers to delay making investment and spending decisions. “You may find that the business activities of some companies have stagnated, especially when considering investment,” he said during an event with high school students in Jackson, Mississippi on Friday. “The same will happen to families. “As the inflation rate has always been high, the family feels a bit struggling,” he said. Bostic reiterated that Federal Reserve officials will not adjust monetary policy policy due to the presidential election.

Federal Reserve Bank of Atlanta Governor Bostic said that unknowns surrounding the US presidential election may cause some businesses and consumers to delay making investment and spending decisions. “You may find that the business activities of some companies have stagnated, especially when considering investment,” he said during an event with high school students in Jackson, Mississippi on Friday. “The same will happen to families. “As the inflation rate has always been high, the family feels a bit struggling,” he said. Bostic reiterated that Federal Reserve officials will not adjust monetary policy policy due to the presidential election.