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The Federal Reserve's efforts to create jobs will naturally benefit Wall Street even if it's not the priority, Atlanta Federal Reserve Bank president Raphael Bostic told Dion Rabouin in an "Axios on HBO" interview.

  • "For us to succeed in the jobs side, there's also going to be success on the wealth side. You can't get one without the other."

The big picture: Bostic told "Axios on HBO" that he focuses on "getting as many people a job as possible."

  • "If you don't have a job, there's no way you're going to get to assets. I want our institutions and our policies to work in a way that many more people get jobs than have historically because then they can actually start to build those assets."

The bottom line: "I don't do what Wall Street wants. I do what's best for the economy. If Wall Street has an investment in the economy and the economy grows and they do better, so be it."

Go deeper

Workers quit at historic clip

Data: BLS, FRED; Chart: Axios Visuals

Demand for labor seems to be getting stronger, and workers are taking advantage by quitting.

Why it matters: Businesses are scrambling to fill job openings as they try to catch up with booming demand.

Biden steps into the breach

Sen. Joe Manchin heads to a meeting with President Biden today. Photo: Kevin Dietsch/Getty Images

President Biden ramped up the pressure on his fellow Democrats Wednesday, calling a series of lawmakers to the White House in the hope of ending infighting and getting them in line.

Why it matters: Divisions within the party are threatening to derail Biden's top priorities. After several weeks of letting negotiations play out, the president is finally asserting his power to ensure his own party doesn't block his agenda.

11 mins ago - Politics & Policy

Scoop: Dems seek new green deal

Rep. Stephanie Murphy. Photo: Chip Somodevilla/Getty Images/Bloomberg via Getty Images

House Democrats discussed with President Biden on Wednesday a plan to exempt billions of dollars of new climate spending from his requirement that his $3.5 trillion "soft" infrastructure plan be offset with additional revenue.

Why it matters: The accounting proposal — a version of "dynamic scoring" — would dramatically lower the amount of taxes Democrats would need to raise while creating wiggle room to increase the ultimate size of the package.