Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic noted on Thursday during an interview with Fox Business that the Atlanta Fed head doesn’t believe further rate hikes should be required to reach the Fed’s 2% annual inflation target.
Key highlights
The inflation outlook will come down very slowly.
The Fed needs to stay in a restrictive stance.
I don’t think a rate hike will be required to reach the 2% goal.
The economy continues to grow, but it’s growing at a slower pace.
I expect to reach the inflation goal without an unemployment jump.
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