U.S. Atlanta Federal Reserve Bank President Raphael Bostic speaks to reporters at the National Association of Business Economics' annual policy meeting in Washington, U.S. March 21, 2022.
"I feel policy is appropriately restrictive," Bostic said in remarks prepared for delivery to the South African Reserve Bank Biennial Conference in Cape Town, South Africa.
"We should be cautious and patient and let the restrictive policy continue to influence the economy, lest we risk tightening too much and inflicting unnecessary economic pain."
U.S. central bankers are widely expected to leave the Fed's policy rate in the current range of 5.25%-5.5% when they next meet in a little less than three weeks.
Bostic has been in the minority at the Fed, cautioning against over-tightening policy and needlessly hurting jobs and livelihoods.
Persons:
Raphael Bostic, Ann Saphir, Bostic, Bostic's, Richard Chang
Organizations:
Atlanta Federal Reserve Bank, National Association of Business Economics, REUTERS, South African Reserve Bank Biennial, U.S, Thomson
Locations:
Washington , U.S, Cape Town , South Africa, U.S