Bostic, President of the Atlanta Fed: "Full Employment Level… The Fed Has No Reason to Rush Policy Changes"
Summary
- Bostic, President of the Federal Reserve Bank of Atlanta, reported that the US labor market is essentially at full employment.
- President Bostic stated that the Fed has the "room" not to rush policy changes.
- He emphasized that, unlike with inflation management, employment is not under threat.
According to foreign news sources on the 13th (local time), Raphael Bostic, President of the Federal Reserve Bank of Atlanta, stated that since the US labor market is essentially showing strength at a full employment level, the Fed now has the "room" not to rush policy changes.
President Bostic, at an event held in Alabama that day, said it is important to avoid policy volatility that could confuse the public and expressed a preference for "waiting until it becomes a bit clearer where things are heading."
He emphasized, "Because the current labor market is essentially maintaining full employment, we now have that kind of room." He also highlighted the difference in the Fed's approach to managing inflation and employment, adding that "the maximum employment mandate is not being threatened in the same way as the inflation target."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
