Economics
Bostic Says Fed Has ‘Work to Do’ With Inflation Long Way From 2%
- Atlanta Fed chief says MBS weight on balance sheet will grow
- Fed may have to consider selling MBS in future, Bostic says
Raphael Bostic
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Federal Reserve Bank of Atlanta President Raphael Bostic said the US central bank’s campaign to cool inflation was still not complete.
“Inflation is high, inflation is too high and we have got to bring it down to our target,” he said Thursday during a classroom session with students at Georgia Tech in Atlanta, noting that the current pace of inflation was a long way from the Fed’s 2% goal.