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Bostic: The Major Challenges in US Monetary Policy
Federal Reserve Bank of Atlanta President and CEO Raphael Bostic discussed challenges in US monetary policymaking at the South African Reserve Bank Biennial Conference in Cape Town. Bostic feels the Fed's monetary policy is appropriately restrictive. He believes the Federal Open Market Committee should be cautious and patient and let restrictive policy continue to influence the economy, lest the committee risk tightening too much and inflicting unnecessary economic pain. However, he does not favor easing policy any time soon. Bostic detailed significant progress in lowering inflation. He noted that the Atlanta Fed's ... (full story)