The Globe and Mail reports in its Wednesday, Oct. 11, edition that Atlanta Federal Reserve Bank president Raphael Bostic on Tuesday said the Fed need not raise borrowing costs any further "to get too-high inflation back down to the Fed's 2-per-cent goal." A Reuters dispatch to The Globe reports that Mr. Bostic does not see a recession ahead. Policy is sufficiently restrictive, and "a lot" of the impact of the Fed's rate hikes so far is clearly yet to come, he said. However, there is also a lot of momentum in the economy, he added, which can "sop up" some of the effect of policy tightening and allow the economy to slow down without tipping into a recession. The Middle East conflict that broke out over the weekend creates uncertainty for the United States and the global economy, Mr. Bostic said, noting that it will cause rethinking on markets and investments. However, the past several years have been full of unanticipated events that has taught him to "just be ready and move into action mode" when needed. If data come in differently from what he expects, Mr. Bostic said, "we might have to increase [the Fed policy rate], but that's not my outlook right now, and that's not my expectation."