- Atlanta Fed president Bostic: Fed should avoid "declaring victory prematurely" in jobs battle
Market news
23 June 2021
Atlanta Fed president Bostic: Fed should avoid "declaring victory prematurely" in jobs battle
- 7.5 million jobs still missing from the onset of the pandemic remains “benchmark” for Fed
- Fed should avoid tightening policy too soon during the fight to regain them
- We have to make sure our policies don’t pivot in ways that make look like we are declaring victory prematurely
- Phase of high inflation will be longer than we expected initially, perhaps 6-9 months instead of 2-3
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