Transcript: Atlanta Fed CEO Raphael Bostic on "Face the Nation," Sept. 25, 2022

The following is a transcript of an interview with Raphael Bostic, president and CEO of the Federal Reserve Bank of Atlanta, that aired Sunday, Sept. 25, 2022, on "Face the Nation."

MARGARET BRENNAN: That's Mark Strassmann reporting from Atlanta. And we turn now to the president of the Federal Reserve Bank of Atlanta, Raphael Bostic. Good morning to you, sir. It's good to have you back. I want to get your perspective. We know the stock market is not the economy, but it is a forward looking indicator and it's showing some concern right now. Around the world, central banks are trying to get control of inflation. The Fed has already raised rates five times this year. Why isn't inflation coming down?