Fed’s Bostic Says Slowing Inflation Is Best for Long-Run Employment

The Federal Reserve will have a tough time achieving maximum employment unless it’s able to get inflation under control, Atlanta Fed President Raphael Bostic said.

“Even though there may be some short-run pain, it should lead to long-run significant gain,” Bostic said during a labor market webinar. “If we do not get this economy on a stable long-run trajectory, it’s going to be hard for us to achieve a maximum employment that includes as many Americans as possible.”