Fed's Bostic says he hasn't seen a wage-price spiral
<p>Bostic spoke earlier:</p><ul><li><a href="https://www.forexlive.com/centralbank/feds-bostic-says-the-feds-main-mission-remains-cooling-down-inflation-20231019/" target="_blank" rel="follow" data-article-link="true">Fed's Bostic says the Fed's main mission remains cooling down inflation</a></li></ul><p>Q&A now:</p><ul><li>Has not seen a wage-price spiral</li><li>wages are a lagging indicator in the current economy</li><li>believes that the Fed can control inflation without causing big damage to the jobs market</li><li>Sees no reason to change the Fed's 2% inflation target right now</li></ul>
This article was written by Eamonn Sheridan at www.forexlive.com.
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