Fed officials signal slowing tightening cycle

Raphael Bostic
Raphael Bostic
Center for American Progress

The Federal Reserve’s interest rate is likely high enough already to lower inflation to 2%, Federal Reserve Bank of Atlanta president Raphael Bostic argued on August 31.

“I feel policy is appropriately restrictive,” Bostic said. “I think we should be cautious and patient and let the restrictive policy continue to influence the economy, lest we risk tightening too much and inflicting unnecessary economic pain.”

Bostic is one of a growing number of Fed officials open to keeping rates on hold

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