Atlanta Fed’s Bostic says long-term unemployment goal has turned lower

With evidence of a tight U.S. labor market in recent years, the Federal Reserve’s long-term estimate for the U.S. jobless rate has dropped, Atlanta Fed President Raphael Bostic pointed out on Monday.

With evidence of a tight U.S. labor market in recent years, the Federal Reserve’s long-term estimate for the U.S. jobless rate has dropped, Atlanta Fed President Raphael Bostic pointed out on Monday.

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