Wed, Feb 08, 2023 @ 01:21 GMT
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Fed Bostic: There is still much work to do

Atlanta Fed President Raphael Bostic inflation is “way too high” in the US and the FOMC remains “determined to use our policy tools to bring inflation back toward our objective.”

“I appreciate recent reports that include signs of moderating price pressures, but there is still much work to do,” Bostic added. “The most recent report showed the Fed’s preferred measure of inflation running at a 5.5% annual rate.”

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