Summary
- Raphael Bostic, President of the Atlanta Fed, said that it is not yet the right time to pivot monetary policy.
- President Bostic stated that US inflation figures could rise further and that the period of increase could be prolonged.
- He explained that he doesn't expect a sharp surge in prices.
On the 3rd (local time), according to the economic news account Walter Bloomberg, Raphael Bostic, President of the Federal Reserve Bank of Atlanta, stated, "Given the current uncertainty, it is not yet the appropriate time to shift monetary policy."
He continued, "US inflation figures could rise further and the period of elevated inflation may be prolonged," but added, "However, I don't expect a sharp surge in prices."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
