Runaway inflation? Atlanta Fed’s Bostic ‘just not seeing it’
Atlanta Federal Reserve President Raphael Bostic is not worried at all about the possibility of “runaway” U.S. inflation.
Bostic acknowledged the rate of inflation could surge in the coming months as the economy more fully reopens and growth speeds up. Yet in a talk with the Economic Club of New York he said he expects any increase to prove short-lived, a view held by virtually all senior officials at the central bank.