(Reuters) - Atlanta Federal Reserve Bank President Raphael Bostic on Thursday said new policies under the Trump administration are putting the U.S. economy into "incredible flux," making it unlikely that the Fed will have enough clarity to move on policy before late spring or summer.
"There's a lot of transition that's happening, and in the midst of this transition it's hard to know exactly where things are going to land," Bostic said at an event hosted by the Birmingham Business Journal. He ticked off a list that included tariffs, trade policy, unpredictable bounces in inflation, consumer sentiment that is turning negative, immigration policy and its impact on the labor force, energy policy, tax policy, federal spending and geopolitics.
"I'd be surprised if we got a lot of clarity before the late spring or into the summer," he said. "We'll have to just sort of really be patient."