Fed's Bostic: Inflation is not so far away from target that expectations are becoming unanchored
Comments by Atlanta Fed president, Raphael Bostic
- Not hitting 2% inflation target raises some questions
- Lack of wage pressures suggests natural rate of unemployment may be lower than previously thought
- Says that he agrees with Powell on financial risks, noting that business debt risks have risen but not at crisis levels
Bostic helping to defend some of the Fed's most recent policy decisions/remarks. Not really adding anything new to the the current view. Do take note that he isn't a voter in this year's FOMC board.