Bostic sees US economy close to jobs and inflation targets
Even with higher rates, the Fed president forecasts inflation “to run a bit above” 2% target
The Federal Reserve is now closer to reach its double policy goal of full employment and 2% annual inflation, said the president of the Federal Reserve Bank of Atlanta in a speech at Atlanta Economics Club on May 21.
“From the perspective of the dual mandate, we’re arguably as close to these goals as we’ve been over this expansion,” Raphael Bostic said.
The unemployment rate fell to 3.9% in April, its lowest level since December 2000. Additionally, wages have increased at rates consistent with
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