Fed’s Bostic Urges Caution With More Hikes as Inflation Recedes
- Atlanta Fed chief says he doesn’t see need for September hike
- There’s been ‘significant progress in the battle,’ Bostic says
Raphael Bostic
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Federal Reserve Bank of Atlanta President Raphael Bostic urged the US central bank to be cautious not to overtighten monetary policy with inflation poised to continue receding.
“There has been significant progress in the battle,” Bostic said Tuesday in a press briefing. “Inflation is well off of its highs that we saw in the last year. And recent numbers have come in promising in ways that suggest that we might be seeing continued declines.”