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MNI BRIEF: Fed's Bostic Not Seeing 'Enduring' Price Pressures

WASHINGTON (MNI)

Atlanta Fed President Raphael Bostic said Monday he does not see signs that recent price increases will lead to a sustained spike in inflation but added he will watch those trends closely given high uncertainty.

"There are reasons why we should be seeing prices rise right now. Right now, I'm not seeing that it's going to be enduring," Bostic said, citing his conversations with businesses in his district.

MNI reported last week the Fed is closely watching inflation expectations and could tighten policy sooner than expected if those were to surge in a troubling manner.

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