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MNI: Some Fed Hiking Caution Is Needed For Soft Landing-Bostic

(MNI) Ottawa
(MNI)

Returning inflation to target remains the top concern, Atlanta Fed President says.

The Federal Reserve needs a little caution on rate hikes aimed at bringing inflation back to target, so as to avoid generating a recession, Atlanta President Raphael Bostic said Tuesday.

"Given the very high level of inflation, some might be surprised by my injecting some caution here. But remember this: even firetrucks with sirens blaring slow down at intersections lest they cause further preventable trouble," Bostic wrote in an essay for the Atlanta Fed's website.

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The Federal Reserve needs a little caution on rate hikes aimed at bringing inflation back to target, so as to avoid generating a recession, Atlanta President Raphael Bostic said Tuesday.

"Given the very high level of inflation, some might be surprised by my injecting some caution here. But remember this: even firetrucks with sirens blaring slow down at intersections lest they cause further preventable trouble," Bostic wrote in an essay for the Atlanta Fed's website.

Keep reading...Show less