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Federal Reserve Bank of Atlanta President Raphael Bostic has indicated that while it may be time to consider cutting interest rates, he is waiting for more data before making a decision. Bostic noted that although inflation has decreased faster than expected and unemployment has risen, the labor market remains strong by historical standards. He emphasized that the Federal Reserve cannot wait until inflation reaches 2% to move away from its restrictive monetary stance. Bostic is considering lowering interest rates next month.
Fed's #Bostic Remarks: On inflation, "there is still distance to go." "We should wait for more data before cutting rates." "Labor market still quite strong by historical standards." "We cannot wait until inflation is at 2% to move away from a restrictive stance."…
🇺🇸 Fed's Bostic just said: It “may be time” to cut but he’s still looking for additional data to support lowering interest rates next month - Bloomberg
🔵 FED'S BOSTIC: IT IS 'TIME TO MOVE' ON RATE CUTS, BUT WANTS TO BE SURE Full Story → https://t.co/GQDNMBYM7V Federal Reserve Bank of Atlanta President Raphael Bostic on Wednesday said that with inflation having fallen faster, and the unemployment rate having risen more than…
