Fed's Bostic says the fight on inflation is still in its early days

Federal Reserve Bank of Atlanta President Raphel Bostic speaking

• Says 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 fight "still in early days"
• Repeats wants rates at a "moderately restrictive" level from 4 to 4.5%, then hold to assess impact
• Fed should not be quick to cut rates if economy weakens, but stay "purposeful and resolute" in seeing inflation lowered
• August inflation report shows price pressures still "broad and stubborn"
• Still upward momentum in rents, medical and other services, supply chains not fully repaired
• Low unemployment rate means the Fed has "maneuvering room" to continue tightening policy without "undue damage" to job market

This:

• "If economic conditions weaken appreciably—for example, if unemployment rises uncomfortably—it will be important to resist the temptation to react by reversing our policy course prematurely"

No sign of a pivot anytime soon in these comments from head of the Atlanta 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 branch.