Fed will back rates moving if inflation persists: Fed's Bostic - Breaking The News

Fed will back rates moving if inflation persists: Fed's Bostic

11 May

1 min read

EPA-EFE/SHAWN THEW

Federal Reserve Bank of Atlanta President and CEO Raphael Bostic stated on Wednesday that the Fed will support moving interest rates up in case inflation keeps persisting.

Bostic noted that a 0.75 bps is currently not his basis case and would be a low probability, adding that he will support 50bps increases until the rate reaches a neutral level.

Bostic particularly highlighted that if the gaps between supply and demand narrow, the current price pressures will considerably ease.

inflation fed bostic

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