Fed's Bostic says the Bank must slow down the economy

Some remarks crossing news wires from Federal Reserve Federal Reserve The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the Read this Term Bank of Atlanta President Raphael Bostic.

He is speaking at a presentation to the undergraduate finance class at Georgia Tech's Scheller College of Business.

He is not adding anything to what we already know, but still its useful to keep track of Fed officials and presidents:

• says the Bank still has work to do with inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term a long way above the 2% target
• the Federal Reserve must get the economy to slow down

More:

• balance sheet will be more concentrated with MBS
• the Fed may need to sell off some MBS in the future

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Slowing the economy will slow demand and thus slow inflation, or so the reasoning goes. It also means job losses. Which sucks if its you. But that's not the concern of leaders of the Fed. Which also sucks.