Fed’s Bostic Says Many Inflation Measures Moving to Target Range
- Says Fed may be in a position to cut rates in fourth quarter
- Breadth of inflation still quite high, Atlanta Fed chief says
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Federal Reserve Bank of Atlanta President Raphael Bostic said he’s hopeful that the “explosive” price pressures seen during the Covid-19 pandemic will normalize over the next year.
Speaking at a conference in Atlanta on Wednesday, Bostic said “we still have a ways to go” to curb the significant price growth seen over the last few years.