Atlanta Fed Chief Bostic: Central Bank Working to Avoid ‘Deep, Deep Pain’
“We need to have a slowdown. There’s no question about that. But I do think that we’re going to do all we can at the Federal Reserve to avoid deep, deep pain,” Bostic said.

“We need to have a slowdown. There’s no question about that. But I do think that we’re going to do all we can at the Federal Reserve to avoid deep, deep pain,” Bostic said.
The hotter-than-expected inflation report has increased expectations for a super-sized Fed hike at the end of this month.
Joe Biden is discovering a political truth that no president has had to confront in decades: Americans hate inflation.
Raphael Bostic said that all seven meetings this year are “live” and all options on the table.
On Friday’s broadcast of the Fox News Channel’s “Your World,” Federal Reserve Bank of Atlanta President Raphael Bostic stated that business leaders he talks to think the supply chain issues will be resolved in “the middle of 2022, maybe into
The Atlanta Fed president says it is becoming increasingly clear that the intense and widespread supply chain disruptions will not be brief.
The American public does not believe inflation will prove transitory.
Fed officials discussed planning to have future discussiont to plan shrinking its $120 billion monthly bond-buying program, minutes from the central bank’s April meeting show.