Fed’s Bostic Says More Time Needed to Ease Inflation to Goal

Atlanta Fed chief sees target being reached without more hikes
Economy is still strong, but signs of easing are showing

Raphael Bostic
Photographer: Elijah Nouvelage/Bloomberg

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By Steve Matthews

November 10, 2023 at 2:19 PM UTC

Updated on

November 10, 2023 at 3:17 PM UTC

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Federal Reserve Bank of Atlanta President Raphael Bostic said policymakers can return US inflation to their goal without needing to raise interest rates further.

“This is going to be something that is going to take some time,” Bostic said Friday at a Chamber of Commerce event in Mobile, Alabama. “I think we will get to our 2% target without us having to do anything more.”