Federal Reserve Rejects Notion It’s Behind the Curve, ‘Confident’ Inflation Will Fall to 2 Percent Target

[claireokc]

The Federal Reserve can deploy 50-basis-point interest rate hikes for the next two to three meetings, says Atlanta Fed Bank President Raphael Bostic. Bostic, who was one of the first central bank officials to retire the term “transitory” last year, told Bloomberg that the institution does not need to be more aggressive than it already is in fighting inflation. “I think we can stay at this pace and this cadence and really see how the markets evolve,” said Bostic. “We are going to move a couple times, maybe two, maybe three times, see how the economy responds, see if inflation continues to move closer to our 2 percent target, then we can take a pause and see how things are going.” ...

Source: https://www.theepochtimes.com/federal-r ... 54789.html