Central Banks
Inflation Is on Path to Reaching Fed’s 2% Target, Bostic Says
- Atlanta chief says it’s still too soon to declare victory
- Bostic says policymakers can let restrictive policy proceed
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Federal Reserve Bank of Atlanta President Raphael Bostic said inflation has come down more than he expected and is on a path today to reaching the Fed’s 2% goal, though it’s too early to declare victory.
“We are on a path to 2% today,” Bostic said Monday in a moderated discussion hosted by the Rotary Club of Atlanta. “The goal is to make sure we stay on the path.”