United States Federal Reserve Bank of Atlanta President Raphael Bostic remarked that the "path" for inflation in the country to go down to its target of 2% swiftly and securely is "not assured."
Speaking at the American Economic Association Conference's event titled Economic Outlook and Leadership, Bostic confessed that the aforementioned path will be "bumpy." He noted that inflationary risks are still too high and present, which is why the Fed is not in a rush to cut its interest rates.
Moreover, Bostic said that the labor market is tight but "not as much as it was" and compared it to the level it was at in February 2020.
