Federal Reserve Bostic: The Federal Reserve's dual missions of employment and inflation are at risk, but the labor market signals are “too vague” to act on them, and the risk of inflation is “more clear.” If the job market is experiencing a widespread cyclical slowdown, there are other signs of a sharp weakening of the economy.

Federal Reserve Bostic: The Federal Reserve's dual missions of employment and inflation are at risk, but the labor market signals are “too vague” to act on them, and the risk of inflation is “more clear.” If the job market is experiencing a widespread cyclical slowdown, there are other signs of a sharp weakening of the economy.