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Bostic Says It's Prudent to Have 'Mildly Restrictive' Fed Policy

Federal Reserve Bank of Atlanta President Raphael Bostic says it is prudent to have rates that are "mildly restrictive" to return inflation to 2% level and that current Fed policy is 25-50 basis points above neutral. He speaks at a moderated discussion with the editor of the Birmingham Business Journal. (Source: Bloomberg)