Federal Reserve officials, including Bostic and Logan, have expressed concerns about inflation. Bostic stated that inflation has been too high for too long and emphasized the need to stay the course to reach the target. He also mentioned the continuation of real wage gains. Logan echoed the sentiment, highlighting the need to build confidence in inflation and the labor market's tightness. Both officials emphasized the progress made on inflation but acknowledged that more work needs to be done. They also expressed no urgency to adjust rates.
🔴 FED'S LOGAN: WE NEED TO BUILD CONFIDENCE ON INFLATION.
🔴 FED'S LOGAN: I DON'T SEE ANY URGENCY TO ADJUST RATES.
Fed’s Logan: We Have Made 'Tremendous Progress' On Inflation, More Work To Do - Don't See Any Urgency To Adjust Rates - Supported Jan FOMC Decision - Labour Market Is 'Very Tight' But Loosening
🔴 FED'S LOGAN: THE LABOR MARKET IS VERY TIGHT BUT LOOSENING.
🔴 FED'S LOGAN: WE HAVE MADE 'TREMENDOUS PROGRESS’ ON INFLATION, MORE WORK TO DO.
FED'S BOSTIC: WE NEED TO BE RESOLUTE AND STAY THE COURSE TO GET TO TARGET. FED'S BOSTIC: INFLATION HAS MADE GOOD PROGRESS BUT STILL A WAYS TO GO. FED'S BOSTIC: DATA SUGGEST REAL WAGE GAINS WILL CONTINUE FOR SEVERAL MORE MONTHS.
🔴 FED'S BOSTIC: WE NEED TO BE RESOLUTE AND STAY THE COURSE TO GET TO TARGET.
🔴 FED'S BOSTIC: DATA SUGGEST REAL WAGE GAINS WILL CONTINUE FOR SEVERAL MORE MONTHS.
Fed's Bostic: Inflation Has Been Too High For Too Long, Still "A Ways To Go" For Return To Target - Atlanta NPR
🔴 FED'S BOSTIC: THE US ON A PATHWAY TO GET BACK TO PRE-PANDEMIC ECONOMIC STRENGTH; WANT TO AVOID A NEW SPIKE OF INFLATION.
🔴 FED'S BOSTIC: INFLATION HAS BEEN TOO HIGH FOR TOO LONG, STILL A WAYS TO GO FOR RETURN TO TARGET.
⚠️ FED POLICY SHIFT NEEDS A FAREWELL TO 'ELEVATED' INFLATION (Reuters) As they navigated the onset of the COVID-19 pandemic Federal Reserve officials had a steady progression of descriptions for inflation, first saying it remained too low, then calling its rise transitory and… https://t.co/zUABWLPoHz