Bostic Says Fed Aiming to Balance Risks to Both Inflation, Jobs
- Risks to inflation are down and risks to labor have risen
- Bostic says banks must review how climate risks affect loans
Raphael Bostic
Photographer: Elijah Nouvelage/BloombergThis article is for subscribers only.
Federal Reserve Bank of Atlanta President Raphael Bostic said the US central bank must balance competing risks as it considers how quickly it will continue to lower interest rates in the coming months.
While risks to inflation have come down, threats to the labor market have risen, though the economy is still strong, Bostic said.