Marketplace Expect and you shall recieve
10 snips
Feb 25, 2026 
Raphael Bostic, outgoing president and CEO of the Federal Reserve Bank of Atlanta and noted economist, reflects on Fed credibility and monetary policy. He talks about how expectations can shape inflation. He also discusses leadership and running the Atlanta Fed, and why he trusts the Fed’s independence.
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High Consumer Expectations Can Drive Inflation
- Consumer inflation expectations can become self-fulfilling and push prices up through earlier purchases.
- Michigan Survey shows consumers expect 6.5% inflation in a year and 7.2% in 5–10 years, which can raise demand now and lift prices.
Changes In Expectations Matter More Than Levels
- The critical signal for inflation dynamics is not the level of expectations but their direction of change.
- Michael Weber notes expectations are falling now, implying consumers see inflation headed lower even if absolute numbers remain high.
Give Staff Space To Drive Institutional Change
- Build organizational impact by empowering frontline staff to propose ideas and lead projects.
- Raphael Bostic describes Atlanta Fed initiatives that emerged from rank-and-file suggestions and grew when given space and support.