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Atlanta Fed President Raphael Bostic said Friday that his own projection is that inflation could come down to the central bank’s 2% target in the next eight to 10 months. Asked in an interview on Bloomberg Television whether he had some idea of how long it would take to get inflation down to that target rate, Bostic replied: “I would say it’s going to be in the second half of next year.”
He said that a lot could happen over that time period and that he would not attempt to be more precise. This is much more optimistic than the Federal Reserve’s own forecast. The median forecast of top Fed officials and a separate Fed staff forecast …
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