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2025-12-17 04:01:51
Federal Reserve Chairman Bostic stated that households, especially low-income, middle-income, and middle-wealth households, are suffering "real pain" from inflation, and that the Fed's employment and inflation mandates are at risk. However, he noted that labor market signals are "too vague" to respond to, while inflation risks are "more definite," and he is not worried about the outcome of the Fed's regional Federal Reserve renewal process.
