Atlanta Fed Bostic is speaking once again and says:
- US will be hard-pressed to get inflation below 3% for all of 2022 optimistic
- Fed actions will produce steady movement of inflation back to 2% target
- Going to be significant upward pressure on energy prices
- The state of the labor market is sending a strong signal that US economy can stand on its own without central banks support
- Not seeing long run expectations about inflation shifting or evidence of a wage price spiral in the economy
Fed Bostic said yesterday that he would need to reevaluate on whether to do 50 basis points at the March meeting if growth remains strong.
