Latest news with #RaphaelBostic
Wall Street Journal
a day ago
- Business
- Wall Street Journal
Heard on the Street Recap: Independent Regime Change
What Happened in Markets Today The debate on the Fed continued. Former Federal Reserve governor Kevin Warsh, a potential nominee to succeed Fed Chair Jerome Powell, said on CNBC that the Fed should stay independent. But he also said President Trump 'is right to be pushing the Fed publicly,' and that 'we need regime change in the conduct of policy.' Rate cuts might still have to wait. Atlanta Fed President Raphael Bostic told the Wall Street Journal in an interview that rate cuts 'might be difficult in the short run,' as the central bank needs more time to judge how tariffs are filtering through to prices.
Wall Street Journal
2 days ago
- Business
- Wall Street Journal
Heard on the Street Thursday Recap: Independent Regime Change
The Federal Reserve debate continued. Former Fed governor Kevin Warsh, a potential nominee to succeed Chair Jerome Powell, said the central bank should stay independent. But he also said President Trump 'is right to be pushing the Fed publicly,' and 'we need regime change in the conduct of policy.' Interest-rate cuts might have to wait. Atlanta Fed President Raphael Bostic said rate cuts 'might be difficult in the short run,' as the central bank needs more time to judge how tariffs are filtering through to prices.
Yahoo
3 days ago
- Business
- Yahoo
Fed's Bostic: Recent data show price pressures may be building
WASHINGTON (Reuters) -Recent data on consumer inflation showed price pressures may be building in the wake of rising import taxes imposed by the Trump administration, Atlanta Fed president Raphael Bostic said on Wednesday. "We may be at an inflection point," Bostic said a day after data for June showed prices rising faster than the month before, with particularly large increases for some categories of heavily imported goods. "The headline number moved away from our target, not towards seen the highest increase in prices that we've seen all year." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
3 days ago
- Business
- Reuters
Fed's Bostic: Recent data show price pressures may be building
WASHINGTON, July 16 (Reuters) - Recent data on consumer inflation showed price pressures may be building in the wake of rising import taxes imposed by the Trump administration, Atlanta Fed president Raphael Bostic said on Wednesday. "We may be at an inflection point," Bostic said a day after data for June showed prices rising faster than the month before, with particularly large increases for some categories of heavily imported goods. "The headline number moved away from our target, not towards seen the highest increase in prices that we've seen all year."
Bloomberg
3 days ago
- Business
- Bloomberg
Fed's Bostic Says He'd Wait on Rates Amid Warnings on Inflation
Federal Reserve Bank of Atlanta President Raphael Bostic said he still supports holding interest rates steady and pointed to recent inflation data showing price pressures are rising. 'We are seeing things underlying in the economy that suggest that inflation pressures are up and that's really a source of concern,' Bostic said Wednesday during an interview with Fox Business. On rates, he added, 'Right now I would wait.'
