Atlanta Fed President Bostic says officials can’t wait for inflation to hit 2% before cutting

Atlanta Fed President Bostic says officials can’t wait for inflation to hit 2% before cutting

From cnbc.com

Atlanta Federal Reserve President Raphael Bostic signaled Wednesday that he is ready to start lowering interest rates even though inflation is still running above the central bank’s target. Previously one of the more hawkish policymakers, or in favor of tighter policy to fight inflation, Bostic noted that his focus is shifting more towards the employment side of the Fed’s mandate as signs increase of labor market softening. “I believe we cannot wait until inflation has actually fallen all the way to 2 percent to begin removing restriction because that would risk labor market disruptions that could inflict ... (full story)

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