Fed's Bostic: Inflation is still well above our 2% target. The employment trajectory could be concerning. Policy action needs to be consistent. I continue to expect one interest rate cut this year.
Fed's Bostic: Inflation is still well above our 2% target. The employment trajectory could be concerning. Policy action needs to be consistent. I continue to expect one interest rate cut this year.
Bostic's cautious stance on inflation and employment makes sense. With inflation still above 2% and labor softening, expecting just one rate cut in 2025 feels realistic. The Fed's gotta balance growth and price stability carefully