Fed's Bostic says strong job market gives Fed "luxury" of time

Investing.com -- Atlanta Federal Reserve President Raphael Bostic said Wednesday that the U.S. job market’s strength near full employment gives the central bank the "luxury" to avoid rushing into policy changes.

Speaking at an event in Alabama, Bostic emphasized the importance of avoiding policy volatility that could be troublesome for the public. He expressed his preference for waiting until there is "a little more clarity on where things are going" before making any adjustments.

"Now I feel we have the luxury to do that today because the labor market has been pretty much at full employment," Bostic said.

He also noted the differences between the Fed’s approach to managing inflation and employment, stating: "Our maximum employment mandate is not at risk in the same way that the inflation mandate is."