Fed’s Bostic tells the FT the central bank could hike rates by a half-point if needed

The Federal Reserve isn’t ruling out raising interest rates by half of a percent instead of the typical quarter-point move if inflation remains high, Atlanta Fed President Raphael Bostic said in an interview with the Financial Times.  Bostic reiterated to the news outlet his call for three quarter-point interest rate increases in 2022, starting in March.