There is some naval-gazing going on here around tweaking the Fed target but it's awfully rich given they've been above 2% for four-and-a-half years.

Bostic hasn't addressed the current outlook and is speaking about the Fed policy framework.

Now he's touching on policy:

  • We should be concerned about inflation given how long it's been above target
  • Businesses are feeling cost pressures and limits to not passing them on
  • I expect to see more inflation pressures
Source: Investing Live