The Fed’s Bostic said he believes monetary policy will be slightly restrictive, preferring to keep interest rates stable. finance

Federal Reserve Atlanta President Rafael Bostic said he is more concerned about price stability than the job market at the moment and favors keeping U.S. interest rates in their current range of 3.75% to 4%. “Under the current circumstances, moving monetary policy closer to or even within accommodative territory would mean breathing new life into the inflationary beast, threatening the entrenchment of inflation expectations among businesses and consumers.”