Bostic says Fed is risking its credibility over inflation
Governor questions whether public will ‘lose faith’ after five years of above-target price rises
The US Federal Reserve’s credibility when it comes to tackling inflation could be in danger, according to the outgoing president of the Federal Reserve Bank of Atlanta.
In a statement on December 16, Raphael Bostic, who is stepping down when his term ends on February 28, said: “If underlying inflationary forces linger for many months to come, I am concerned that the public and price setters will eventually doubt that the [Federal Open Market Committee] will hit the inflation target in any
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