MNI BRIEF: Fed In Pause Mode Amid High Uncertainty - Bostic

Atlanta Fed President Raphael Bostic said Monday the Fed is in a "pause position" while it waits for more clarity on where the economy is headed, noting businesses are saying things to the same effect. 

"The fog has gotten really, really thick. It's hard to see far into the future. For me, I want to pull over," he told an Emory University banquet. He said still expects growth to slow to above-1% from 2.2%-2.3% at the start of the year.