News list for " Bank Bostic"
The Federal Reserve's Bostic: At some stage in the future, it may support setting an inflation target range of 1.75% to 2.25%.
The Federal Reserve's Mr. Bostic said officials should be cautious in their decision-making, preferring to keep interest rates high given uneven progress in reducing inflation. In a podcast recorded on December 9 and released on Tuesday, Mr. Bostic also said he expected inflation to continue to fall gradually to the Fed's 2 per cent target this year. He said he expected price pressures to subside, although at some point it might look like...
Federal Reserve Bostic: We need to think carefully about the changes in the labor market.
The Federal Reserve's Bostic: Our policies have had an effect, and we can begin to gradually return to a normal policy stance. We cannot wait until inflation has fallen back to 2% before adjusting the policy rate.
