Fed's Bostic: Little reason to cut rates further for now
Atlanta Federal Reserve (Fed) President Raphael Bostic told the Wall Street Journal on Monday that he sees little reason to cut rates further for now, per Reuters.
Key takeaways
"Penciled in only one rate cut for all of 2025 at Federal Reserve’s meeting last week."
"I am concerned about the inflation that has been too high for a long time."
"The current moment is one of the most difficult periods for policymakers because both risks are rising."
"I don't project inflation returning to the Fed’s 2% goal until 2028."
Source : wsj.com