Fed's Bostic brushes aside rising inflation

But he does raise some questions

But he does raise some questions
  • Fed hitting jobs target is "at least many months away"
  • Coming jump in inflation will be big but not especially meaningful
  • Says he's not concerned about inflation trends at this point given how the pandemic has caused 'havoc' in some prices
  • Says 'unambiguously' that there's no need to remove accommodation soon
  • "I'm not sure we're staring down a fearsome inflation outbreak"

Bostic spoke at the Economic Club of Boston and is sticking to the Fed script.

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