Notes from Atlanta Federal Reserve President Bostic in Jax - JBJ

...in my words

Yesterday I had the good fortune of stopping by a Jacksonville Business Journal event for an interview of Atlanta’s Federal Reserve President and CEO, Raphael Bostic. He is a real MVP in the economics world because he also sits on the Federal Open Markets Committee (FOMC) as a voting member.

He basically gets a vote on the direction of the most powerful economy in the world. Pretty cool.

You may not have known this already, but working for the Federal Reserve as a research analyst was one of my original goals as a freshman in college. I applied but I didn’t even get an interview. I was told you needed to know someone already in the Fed to get an opportunity. So instead, I weaseled my way in to intern at Goldman Sachs and PwC, which eventually led to a quick stint on Wall Street as a real estate investment banker (my job title was literally real estate financial engineer - analyst).

Ok, so here are my notes. Keep in mind this is NOT what Fed Prez Bostic said word for word. This is my notes on what he said, through my lens, and it probably includes some of my personal thoughts too.

“The target is 2% inflation and we WILL get to 2%.” - Raphael Bostic

Click here for FULL NOTES

Thanks for reading! What stands out to you?

JB (jon@movewithmomentum.com)

FYI - you may not know that Momentum Realty recently launched a sister company — Momentum Property Management. If you are looking to refer your customers for property management, please email me jon@movewithmomentum.com. We do pay a referral fee to licensed agents as a thank you. We serve all of Northeast Florida.