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Fed's Bostic says he hasn't seen a wage-price spiral

Eamonn Sheridan
19/10/2023 | 21:20 GMT

Bostic spoke earlier:

  • Fed's Bostic says the Fed's main mission remains cooling down inflation

Q&A now:

  • Has not seen a wage-price spiral
  • wages are a lagging indicator in the current economy
  • believes that the Fed can control inflation without causing big damage to the jobs market
  • Sees no reason to change the Fed's 2% inflation target right now
Bostic

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