US Economy News Today: One Fed Official Sees Inflation Fight Stretching Into 2025
The public should be prepared for higher interest rates in 2025 as the fight against inflation will likely stretch into next year, Atlanta Federal Reserve Bank President Raphael Bostic said in a Bloomberg TV interview today. “I think it will take quite a while for us to get all the way to 2%, but I do think we’ll get there,” Bostic said.