Federal Reserve Bank of Atlanta President Raphael Bostic and Federal Reserve Bank of Chicago President Austan Goolsbee participate in economic outlook and monetary policy panel before the "Old Challenges in New Clothes: Outfitting Finance, Technology, and Regulation for the Mid 2020s" conference hosted by Federal Reserve Bank of Atlanta.
Goolsbee:
- there's still some potential for a soft landing
- wages are not a leading indicator of inflation
- 'a chance' can get rid of inflation without a recession
Huh, that doesn't sound too positive?
Bostic:
- wages didn't fully catch up to inflation in 2022
- this year another round of raises, less than the previous year
- still some way to go until inflation is beaten
