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🇺🇸 FED'S BOSTIC: WE WON'T BE ABLE TO REDUCE RATES UNTIL TOWARDS END OF THE YEAR 🇺🇸 FED'S BOSTIC: THE PATHWAY TO 2% INFLATION WILL BE SLOWER THAN PEOPLE EXPECT, AND BUMPY
FED'S BOSTIC: WE CAN KEEP RATES STEADY AS LONG AS THE LABOR MARKET HOLDS UP.
Fed's Bostic: Won't Be Able To Reduce Rates Until Towards End-2024 - Says He Doesn’t Have A Recession In His Outlook - If We Can Keep Jobs, Wages Going And Inflation Is Moving To Target, We Can Stay On Hold - Expects Economy To Continue Growing As Fed Gets Both Mandates Back In…
Federal Reserve official Bostic expresses optimism about the economy's growth, stating that as long as jobs, wages, and inflation align with targets, interest rates can remain steady. Bostic emphasizes patience in rate adjustments, citing slow progress towards 2% inflation and no recession in his outlook.