{"id":518612,"date":"2021-05-17T16:36:20","date_gmt":"2021-05-17T20:36:20","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=518612"},"modified":"2021-05-17T16:36:22","modified_gmt":"2021-05-17T20:36:22","slug":"atlanta-fed-president-defends-policy-says-inflation-is-a-sign-of-healthy-economy","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/atlanta-fed-president-defends-policy-says-inflation-is-a-sign-of-healthy-economy\/","title":{"rendered":"Atlanta Fed President defends policy, says inflation is a sign of healthy economy"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fatlanta-fed-president-defends-policy-says-inflation-is-a-sign-of-healthy-economy%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=518612&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2407661\" class=\"wp-caption aligncenter\">\n<p id=\"caption-attachment-2407661\" class=\"wp-caption-text\">FILE PHOTO: Federal Reserve Bank of Atlanta President Raphael Bostic participates in a panel discussion at the American Economic Association\/Allied Social Science Association (ASSA) 2019 meeting in Atlanta, Georgia, U.S., January 4, 2019. REUTERS\/Christopher Aluka Berry<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 1:21 PM PT \u2013 Monday, May 17, 2021<\/h5>\n<p>In an interview with CNBC on Monday, Atlanta Federal Reserve Bank President Raphael Bostic said it is essential the central bank maintains its current policy until substantial progress is made on the labor market recovery.<\/p>\n<p>Bostic said the U.S. economy is still eight million jobs short of where it was pre-pandemic. Yet, he downplayed recent evidence of high inflation. Instead, Bostic stated the rising prices are actually a sign of a strengthening economy.<\/p>\n<p>\u201cI actually think that having a healthy level of inflation is a sign that the economy is healthy, the economy is going to be dynamic and growing and that should translate into jobs for the people, who everyone is concerned about at the lower end of the wage distribution,\u201d he said.<\/p>\n<div id=\"attachment_2407662\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-2407662\" loading=\"lazy\" class=\" wp-image-2407662\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/fed-655x437-1.jpg\" alt=\"An American flag flies over the Federal Reserve building, Tuesday, May 4, 2021, in Washington. (AP Photo\/Patrick Semansky)\" width=\"550\" height=\"367\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/fed-655x437-1.jpg 655w, https:\/\/dzm0ugdauank9.cloudfront.net\/wp-content\/uploads\/2021\/05\/fed-315x210.jpg 315w, https:\/\/dzm0ugdauank9.cloudfront.net\/wp-content\/uploads\/2021\/05\/fed-768x512.jpg 768w, https:\/\/dzm0ugdauank9.cloudfront.net\/wp-content\/uploads\/2021\/05\/fed.jpg 1024w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\"  style=\"display:none\"><\/p>\n<p id=\"caption-attachment-2407662\" class=\"wp-caption-text\">An American flag flies over the Federal Reserve building, Tuesday, May 4, 2021, in Washington. (AP Photo\/Patrick Semansky)<\/p>\n<\/div>\n<p>The Fed has vowed to keep interest rates near zero and are continuing to buy at least $120 billion worth of monthly asset purchases until the labor market returns to pre-pandemic employment levels. Bostic announced that it will take at least until the fall to understand inflation dynamics, stating that it depends on how rapidly we recover.<\/p>\n<h4>MORE NEWS: <a href=\"https:\/\/www.oann.com\/sen-tommy-tuberville-takes-aim-at-dhs-secy-alejandro-mayorkas\/\">Sen. Tommy Tuberville Takes Aim At DHS Secy Alejandro Mayorkas<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: Federal Reserve Bank of Atlanta President Raphael Bostic participates in a panel discussion at the American Economic Association\/Allied Social Science Association (ASSA) 2019 meeting in Atlanta, Georgia, U.S., &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2278354,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/fed-655x437-1.jpg","fifu_image_alt":"Atlanta Fed President defends policy, says inflation is a sign of healthy economy","footnotes":""},"categories":[],"tags":[],"class_list":["post-518612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/fed-655x437-1.jpg","fifu_image_alt":"Atlanta Fed President defends policy, says inflation is a sign of healthy economy","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/518612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=518612"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/518612\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2278354"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=518612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=518612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=518612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}