Jet Airways has posted losses of over Rs 1,000 crore for three consecutive quarters since March 2018. The board also approved the constitution of an Interim Management Committee to manage and monitor the daily operations and cash flow of the company.
Now, Bostic is emphasizing he hasn't ruled out possible rate hikes later in the year, citing inflation or labor market decline as two data points that could trigger rises. The position would give him a vote at the policy-setting table of an institution whose interest rate hikes previous year were a frequent target of Trump's ire.