Fed’s Bostic: Policy will need to be resolute and patient
|Atlanta Federal Reserve (Fed) President Raphael Bostic said on Tuesday that he expects inflation to continue to come down slowly and unevenly. He also sees the “tight labor market” to continue moving forward.
Speaking about the US economy at the Harvard Business School Club of Atlanta Alumni Leadership Lunch, Bostic explained his outlook for inflation and the labor market to cool further.
The Fed is in a good place, with a pathway to fixing inflation without much labor market pain, added Bostic. He warned that the central bank is not going to “jump at the first data point”.
Market reaction
The US Dollar index (DXY) is falling 0.35% on Tuesday, trading around 102.15, while US Treasury yields are moving sideways.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.