Bostic: Majority Of Liaison Contacts Don't Have Pricing Power Anymore

From Bostic's ('24 voter) fireside chat on the economy.

"Liaison programs in the first two years of pandemic were noting plans to raise prices with consumer insensitivity to it. This has switched, with a majority not having pricing power anymore. Once you start to that, it’s a sign policy is restrictiveness is really starting to bite. That bite means we can just let this go, particularly with suppliers responding. If some of its coming back on the supply side then let it keep going to do the work for us. By and large, we got to a place where policy was sufficiently restrictive and we could let time do the work for us."