Economics
Fed’s Bostic Says June CPI Concerning, ‘Everything in Play’
- ‘Not wedded to any specific course of action,’ he says
- Atlanta Fed president speaks with reporters in Florida
Raphael Bostic
Photographer: Valerie Plesch/BloombergThis article is for subscribers only.
Federal Reserve Bank of Atlanta President Raphael Bostic said “everything is in play” for policy action after data showed that US inflation accelerated again to a fresh four-decade high last month.
“The top-line number is a source of concern,” Bostic told reporters Wednesday in St. Petersburg, Florida. “Everything is in play.” Asked if that included by raising rates by a full percentage point, he replied, “it would mean everything.”