Opinion
By John Carney – Breitbart Economics Editor
Alex Marlow – Breitbart Editor-In-Chief
11-29-23
Wednesday brought another set of clashing positions on interest rates by Federal Reserve officials.
Raphael Bostic, the head of the Federal Reserve Bank of Atlanta, released an essay on Wednesday indicating that he’s increasingly confident that inflation is on a downward trajectory toward the central bank’s two percent target.
“After synthesizing all the data and anecdotal input, our staff forecasts inflation to decelerate to 2.5 percent by the end of 2024 and closer to 2 percent by the end of 2025,” Bostic argues. “Altogether, the research, data, survey results, and input from business contacts tell me that tighter monetary policy and tighter financial conditions more broadly are biting harder into economic activity. At the same time, I don’t think we’ve seen the full effects of restrictive policy, another reason I think we’ll see further cooling of economic activity and inflation.”
Read the full article here: Breitbart Business Digest
The views expressed in this commentary are those of the author and do not necessarily reflect the official position of Citizens Journal Florida.
