Altlanta Fed President Raphael Bostic said in an interview:
- “We have seen some upward pressure” on inflation.
- “We don’t have the ability to stop trends on a dime. Some overshoot is fine,”
- If current trends continue, “we are going to see wages start to go up because we will truly have a scarcity of labor,”
- “I am not sure there is a big signal” in that on inflation.
