Atlanta Fed president: "This economy has even exceeded my expectations of resilience"

Dec 15, 2023
"Wage growth now is greater than inflation," Bostic says. "But I don't think people feel like they've caught up all the way and that's just going to take some time."
In the fight to bring down inflation, Atlanta Fed President Raphael Bostic emphasizes being  "patient, cautious and resolute."
Courtesy Atlanta Federal Reserve

"We're right at the beginning of the hard part" of taming inflation, Atlanta Fed CEO says

May 24, 2023
Raphael Bostic says the Fed needs to stay focused on its goal of slowing down the economy and reducing inflation to its 2% target.
"Ultimately, shaken confidence in the full faith and credit of the United States government will not be good for the economy and will not be good for your average American," Raphael Bostic of the Atlanta Fed says of the debt ceiling debate.
Stephen Nowland/Federal Reserve Bank of Atlanta

Some kinds of inflation are "stickier" than others

Aug 15, 2022
"Flexible" prices, like those for gas and produce, may not track inflation trends as well their "sticky" counterparts, like shelter and dining out.
Processed food is a "sticky" price item. The nonfood expenses, like packaging, advertising, shipping and labor, are likely to stay expensive for a while, says Jim Hertel at Inmar Intelligence.
Andrew Caballero-Reynolds/AFP via Getty Images

Atlanta Fed President Bostic on our "less-than economy"

Sep 28, 2020
While Amazon and Home Depot are doing well, small businesses are not. "There really is a split going on, and disparities are getting wider," he says.
"We're going to let evidence show that inflation is starting to get out of control" instead of trying to preempt it, says Raphael Bostic, president of the Federal Bank of Atlanta.
Courtesy of the Federal Reserve Bank of Atlanta

"Systemic racism is around us, all the time," Atlanta Fed president says

Jun 15, 2020
Raphael Bostic discusses the challenges of the economy and racial inequality.
Raphael Bostic, president and CEO of the Federal Reserve Bank of Atlanta.
Courtesy of the Federal Reserve Bank of Atlanta.