Stock Market Today: Dow Rises, Indexes Move Higher After Inflation Data
écis]. Fed President Bostic says that U.S. monetary policy is already restrictive enough to get to 2% inflation, but that doesn't mean he is for easing policy any time soon.
Raphael Bostic, Atlanta Fed president, said that the U.S. monetary policies are "already restrictive" enough to achieve 2% inflation.
"That doesn't mean I support a policy of easing any time soon." According to his prepared remarks, he stated that the inflation rate in the United States was still too high during a South African conference.