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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 

Raphael Bostic 

Photographer: Valerie Plesch/Bloomberg
Updated on

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.”