Fed's Bostic Says Do Not Believe Progress On Inflation Has Stalled, Though It Has Been Bumpy; Data And Contacts Suggest Economic Growth Is Cooling And Pricing Power Continues To Diminish; Economy On Solid Footing, Nearing Price Stability With Labor...

Benzinga · 01:03

Fed's Bostic Says Do Not Believe Progress On Inflation Has Stalled, Though It Has Been Bumpy; Data And Contacts Suggest Economic Growth Is Cooling And Pricing Power Continues To Diminish; Economy On Solid Footing, Nearing Price Stability With Labor Market At Or Around Maximum Employment; Do Not Want People Focused On The View That There Must Be A Cut At Every Meeting; Still Think Policy Rate Is Restrictive

- Reuters

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Fed's Bostic Says Do Not Believe Progress On Inflation Has Stalled, Though It Has Been Bumpy; Data And Contacts Suggest Economic Growth Is Cooling And Pricing Power Continues To Diminish; Economy On Solid Footing, Nearing Price Stability With Labor...

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