Fed’s Bostic Says Inflation Still Clearer, More Pressing Risk
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Federal Reserve Bank of Atlanta President Raphael Bostic said policymakers should remain focused on addressing inflation, with elevated price pressures expected to persist through most of next year. Bostic also revealed that at the Fed’s Dec. 9-10 policy gathering, he not only favored holding rates unchanged, but recommended keeping them level through 2026, citing economic tailwinds that could keep upward pressure on inflation. A majority of voters on the Federal Open Market Committee ended up voting to lower rates by a quarter percentage point.