Atlanta Fed president Bostic: US inflation is too high

Feds Bostic is speaking:

  • US inflation is too high
  • We still have a ways to go on inflation.
  • I’m comfortable being patient.
  • I’m not in a mad dash hurry to get there.
  • If we can keep jobs, wages going inflation is moving to target, we can stay where we are on rates.
  • I don’t have a recession in my Outlook.
  • We won’t be able to reduce rates until towards the end of the year.
  • I think the economy will continue to grow as we get both mandates back in the line.

This article was written by Greg Michalowski at Source