By Michael S. Derby
NEW YORK, March 24 (Reuters) - Federal Reserve Bank of
Atlanta President Raphael Bostic acknowledged banking sector
woes made the central bank's rate hike call this week
challenging, but he says the institution must continue to work
to get inflation lower.
Speaking in an interview Friday with National Public Radio,
Bostic said "there was a lot of debate but this wasn't a
straightforward decision" to raise rates by a quarter percentage
point even as the banking sector is under stress. But, "we have
to get inflation under control and back to our target," Bostic
said.
(Reporting by Michael S. Derby)
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