3 days ago
Fed's Bostic Gets Earful on Tariff Costs, Consumer Pain on Tour
Raphael Bostic had two key takeaways from a recent tour through a stretch of the southeast US overseen by the Federal Reserve Bank of Atlanta — consumers are growing more stressed, and tariff costs are real.
In conversations with bankers, educators and business owners based in northern Alabama and Mississippi, Bostic, who is president of the Atlanta Fed, also heard about the burden of higher borrowing costs squeezing businesses' profit margins and making it harder for families to buy a home. Employer struggles to find and retain workers was another refrain.
