The chief of the Atlanta Federal Reserve said further increases in interest rates probably aren't necessary to bring inflation back down to pre-pandemic levels.
The chief of the Atlanta Federal Reserve said further increases in interest rates probably aren’t necessary to bring inflation back down to pre-pandemic levels.
The goal of the Fed is to reduce inflation to 2% a year. Bostic said, but the central bank doesn’t have to get there “tomorrow.” Seven even see no need for further action, including Bostic. They are especially worried that further rate hikes could tip the economy into recession.
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