Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Atlanta Federal Reserve President Raphael Bostic said the realignment of prices in response to trade measures and other policies is likely to be prolonged, warning it may take a year or longer before the adjustments are completed. Bostic added that the U.S. labour market remains healthy with no signs of significant deterioration, but he expects a spell of higher inflation readings in the interim. Given these dynamics, he indicated that the current juncture is not the right time for the Fed to alter its policy stance.
Fed’s Bostic: Adjustment Of Prices To Trade & Other Policies Will Not Be Short Or Simple, Says It Could Take A Year Or More - Labour Market Remains Healthy, No Signs Of Serious Deterioration - US Likely To See A Period Of Higher Inflation Readings - Not The Right Time To Shift
Atlanta Fed Pres. Bostic:Adjustment of prices to trade/policies will not be short /simple https://t.co/lrj1DgDp65
Fed’s Bostic: Adjustment of prices to trade and other policies will not be short or simple, could take a year or more.
