Raphael Bostic says Fed needs to ‘stay the course’ despite lower wage gains

Posted by & filed under Part 1 Business in a Global Environment, Part 6 Managing Financial Resources.

Description: Atlanta Federal Reserve President Raphael Bostic said Friday that December’s jobs report, with its slowdown in wage increases and better-than-expected employment growth, doesn’t change his view on monetary policy.

Source: CNBC.com – video report

Date: Jan 07, 2023

Link: https://www.cnbc.com/2023/01/06/raphael-bostic-says-fed-needs-to-stay-the-course-despite-lower-wage-gains.html

Questions for discussion:

  • What is the relationship between the jobs created and the Fed’s decisions about interest rates?
  • What does this report say is the likely course of future action by the Fed?

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