Central Banks
Bostic Says Risks to Fed’s Jobs, Inflation Goals Now in Balance
- Atlanta Fed chief more confident inflation is on a path to 2%
- Warns policymakers must still remain vigilant on inflation
Raphael Bostic
Photographer: Natalie Behring/BloombergThis article is for subscribers only.
Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank’s two mandates — stable prices and maximum employment — are now in balance for the first time since 2021, though he added he is “not quite prepared” to declare victory over inflation.
“Though they have declined significantly, risks to meeting our price stability mandate remain,” Bostic said in an essay released Wednesday by the Atlanta Fed. “We must stay vigilant to ensure those risks continue to wane.”