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Federal Reserve official Bostic expects inflation to ease, but warns the central bank needs to be cautious about cutting interest rates
Raphael Bostic, president of the Atlanta Fed, said policymakers should be cautious about keeping interest rates high in order to achieve their price stability goal, given the patchy progress in fighting inflation. In a podcast recorded on December 9 and released on Tuesday, Bostic said he expected inflation to continue to decline gradually this year and reach the Fed's 2 percent target as soon as possible.
2025-01-08 01:53:44
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