Fed's Bostic (2027 voter) says inflation still quite far from where we need to be; those are not characteristics that suggest to me a passive posture is appropriate, still need to be restrictive
Importance
Level 1
- As they go through 2026 the economy is likely to get stronger and could put more upward pressure on prices and that is something they have to watch.
- Labour market has weakened, but it is not clearly weak.
- In a difficult environment to see what might be coming in the economy and inflation.
- Should not expect there to be 100% consensus on everything.
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