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Fed's Bostic: I don't have a recession in my outlook
Added at 12:32pm
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Fed’s Bostic: Rate cuts are likely by year end
Speaking at the Greater Fort Lauderdale Alliance in Florida on Thursday, Atlanta Federal Reserve Bank President Raphael Bostic noted that U.S. inflation is anticipated to return to 2% at a slower pace than many had anticipated. Key Quotes • Inflation is too high • We still have a ways to go on inflation • Pathway to 2% inflation will be slower than people expect, and bumpy • Inflation is going where we want it to go, but it's slow • I'm comfortable being patient • I'm not in a mad dash hurry to get there • If we can keep jobs, wages going and inflation is moving to target, we can stay where we are on ... (full story)