Federal Reserve's Bostic Comments on Inflation Progress Towards 2% Target
Thursday, 23 May 2024, 17:46
Fed's Bostic on Inflation Path
In a recent statement, Federal Reserve's Bostic discussed the progress of inflation towards the 2% target.
Slow and Steady Growth
Bostic highlighted that while inflation is on track to reach the target, the pace remains slow.
- Gradual Approach: The Fed official stressed the importance of cautious progress towards the target.
The comments suggest a continued accommodative monetary policy stance in the backdrop of economic uncertainties.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.