Bostic: Growth above 1.8% will bring upward pressure on prices
ChainCatcher news, according to Golden Ten Data, Federal Reserve's Bostic stated that any growth rate above approximately 1.8% indicates upward pressure on prices.
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Fed’s No. 3 Official Turns Hawkish: Inflation Remains Too High, Action Needed to Bring It Back to 2% Promptly
Over time, action needs to be taken to ensure that inflation falls back to the 2% target in a timely and sustained manner. Williams' statement is more explicit than before; previously, he indicated his support for the Federal Reserve to first gather information before determining its policy stance, but this speech further supplements with a clear signal that "further action is necessary."
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