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 www.forexlive.com. Source