WASHINGTON—The U.S. Federal Reserve’s fight against inflation is likely “still in early days,” Atlanta Fed president Raphael Bostic said Wednesday, becoming the latest U.S. central banker to caution against the likelihood rates would be reduced in response to any weakening of the economy. Despite “glimmers of hope” in recent data, Bostic said “the overarching message…
Bostic: Recent Inflation Data Not as Encouraging as Hoped
WASHINGTON—Recent inflation data “has not been as encouraging as I would have liked,” Atlanta Fed president Raphael Bostic said on Monday, saying that the lack of month-to-month improvement in the pace of price increases warrants another 0.75 percentage point increase in the federal funds rate when policymakers meet later this month. “The data that came…
US May Be on ‘Cusp’ of Inflation Slowdown, Fed’s Bostic Tells CNBC
WASHINGTON—The U.S. economy may be nearing a turn lower in inflation, Atlanta Fed President Raphael Bostic said on Wednesday, though he added he is still leaning towards a slightly faster pace of interest rate increases this year. “I am very hopeful we are going to start to see that decline … There is some evidence…
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