Fed’s Bostic: ‘I’m Totally Open’ to Prospect of March Rate Rise

Federal Reserve Bank of Atlanta President Raphael Bostic said Monday he is open to the U.S. central bank raising its now near zero short-term rate target as soon as its March policy meeting, adding he expects the Fed will likely raise its interest rate target three times over the course of the year.

“Every meeting has the potential for some policy action” and “I’m totally open to March being a meeting where interest rate changes are considered,” Mr. Bostic said in an interview with The Wall Street Journal.