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Fed's Bostic: Higher inflation on the cards

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Fed's Bostic: Higher inflation on the cards

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New update 2025.07.04 00:14
Fed's Bostic: Higher inflation on the cards

update 2025.07.04 00:14

Federal Reserve Bank of Atlanta President Raphael Bostic said on Thursday that the US economy is likely to face a protracted period of adjustment in response to new trade and policy dynamics, warning it "will not be short or simple" and could extend over a year or more.

Key Quotes

  • Adjustment of prices to trade and other policies will not be short or simple; it could take a year or more.
  • LaThe labour market remains healthy; we do not see signs of serious deterioration.
  • The US is likely going to see a period of higher inflation readings.
  • Not the right time to shift monetary policy given uncertainty.
  • WaThe "wait and see" approach regarding interest rates remains appropriate, particularly given the economy's resilience.
  • A risk that high inflation could begin to influence consumer psychology.
  • The Fed should consider making a commitment to stable inflation expectations more explicit in its framework.
  • Businesses are delaying hiring and investments; expect demand to stagnate or decline if costs continue rising.
  • Recent sanguine inflation readings are a result of businesses delaying price increases to get clarity on final tariff levels.



Date

Created

 : 2025.07.04

Update

Last updated

 : 2025.07.04

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