Businesses, consumers and the Fed are moving carefully because of uncertainty, says Raphael Bostic. “When the fog gets thicker, you're going to pull over and wait.”
Despite high prices, “wages are growing faster than inflation,” and families’ purchasing power is growing, he says.
Raphael Bostic, president and CEO of the Federal Reserve Bank of Atlanta, on why he supports this week’s rate hike.
Bostic discusses inflation, employment and trying to make sure the economic recovery brings everyone along.
Raphael Bostic discusses the challenges of the economy and racial inequality.
Raphael Bostic explains why consumer psychology keeps him up at night.
