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MNI BRIEF: Fed's Bostic 'Not Concerned' About Inflation Jump

Atlanta Fed President Raphael Bostic said he does not fear an undue spike in U.S. inflation despite his fairly optimistic outlook for the economic recovery.

"Right now I'm not concerned," Bostic told an online event hosted by the University of Miami. While he expects a rebound in activity as the economy emerges from Covid and the fiscal stimulus boosts, he says it will be a while before policymakers can gauge whether that bump will be sustained.

MNI has reported growing inflation concerns both within and outside the U.S. central bank given a mix of robust fiscal and monetary policies.

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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