Atlanta Fed President Raphael Bostic said Monday that the U.S. central bank hasn't lost credibility with the public.
The Federal Reserve hasn’t lost credibility with the broader public beyond Wall Street, Atlanta Fed President Raphael Bostic said Monday.
“I’m heartened as I go around [my] district [that] people … have faith that what we’re doing is going to be effective,” Bostic said during an interview streamed online by the Washington Post. “We’ve got to get inflation behind us. I wish there were a painless way to do that,” Fed Chairman Jerome Powell said at the press conference that followed the rate decision.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Atlanta Fed President Bostic expects job losses but says there’s a really good chance to get to 2% inflation without killing the economyRaphael Bostic, the president of the Federal Reserve Bank of Atlanta, signaled optimism for the Fed's policies to temper inflation.
Read more »
Fed's Collins says economy will slow but a 'significant downturn' is avoidableBoston Fed President Susan Collins, the first Black woman to lead a regional Fed bank, said the goal of avoiding a severe downturn is achievable.
Read more »
Opinion | It's Lower-Income Families Who Will Be Hit Hardest by Fed Rate HikesLet's not pretend we don't understand who will be punished here.
Read more »
Fed Chair Jerome Powell Says a 'Difficult Correction' Should Balance US Housing Market – Economics Bitcoin NewsThis week, U.S. Federal Reserve chair Jerome Powell hinted that the U.S. housing market needs a correction. Inflation Economics RealEstateCorrection
Read more »
Fed rate moves can’t address some price spikesSupply shortages keep pushing some prices higher.
Read more »
Fed unsure of economy’s direction as Wall Street meltdown worsensPowell’s latest remarks noting uncertainty ahead come as the Fed’s anti-inflation fight is making slow progress, leaving the institution and its boss vulnerable to criticism over the cost to workers and businesses of continued rate hikes.
Read more »