Federal Reserve Bostic: We wanted to keep monetary policy unchanged at the last meeting of the Federal Reserve. Multiple surveys have conveyed the same message: corporate costs are rising, and companies are determined to maintain their profit margins by raising prices.

Federal Reserve Bostic: We wanted to keep monetary policy unchanged at the last meeting of the Federal Reserve. Multiple surveys have conveyed the same message: corporate costs are rising, and companies are determined to maintain their profit margins by raising prices.