Fed’s Bostic, in first speech, says he’s skeptical of common excuses for low inflation

Atlanta Fed President Raphael Bostic displayed an independent streak in his first speech with the central bank on Tuesday, saying he was skeptical of the common arguments that technology and competition are behind recent weaker-than-expected inflation readings. “The book is still being written on...

Fed’s Bostic, in first speech, says he’s skeptical of common excuses for low inflation