Fed's Bostic: Inflation Surge Will Likely Last Longer Than Expected

Fed's Bostic: Inflation Surge Will Likely Last Longer Than Expected

Federal Reserve Bank of Atlanta President Raphael Bostic said Tuesday that while inflation has surged more than he and others had expected and runs the risk of being more persistent than desired, he still believes price pressures will ease over time.

The Fed official also said he was on board with an imminent pullback in some of the aid the central bank has been offering the economy

“I…