Fed’s Bostic says he hasn’t seen a wage-price spiral

Bostic spoke earlier:

Q&A now:

  • Has not seen a wage-price spiral
  • wages are a lagging indicator in the current economy
  • believes that the Fed can control inflation without causing big damage to the jobs market
  • Sees no reason to change the Fed’s 2% inflation target right now

This article was written by Eamonn Sheridan at www.forexlive.com. Source