12:23 PM EST, 11/12/2025 (MT Newswires) -- The current stance of monetary policy is "marginally restrictive" and does not require immediate action from the Federal Open Market Committee, Atlanta Federal Reserve Bank President Raphael Bostic said Wednesday in prepared remarks to Atlanta Economics Club.

"I view the Committee's monetary policy today as marginally restrictive and favor keeping the funds rate steady until we see clear evidence that inflation is again moving meaningfully toward its 2% target," Bostic said. "By my lights, that is an appropriate position in this volatile environment.

Bostic acknowledged the difference of views among FOMC members and said that he will remain open to changing his mind if incoming information requires it.

"To reiterate, I view price stability as the more urgent priority," Bostic said. "Of course, if conditions change materially, I am willing to alter my stance. More generally, moving forward I will be guided by the data and qualitative information in hand, my outlook, and my assessment of the balance of risks to our mandates as the Committee seeks to achieve price stability and sustainable maximum employment for the American people."

Bostic announced Wednesday morning that he will retire at the end of February 2026. The Atlanta Fed President was not due to vote on the FOMC until 2027.