Federal Reserve Bostic: Only one interest rate cut is expected this year, and inflation is expected to be very bumpy.
Federal Reserve Bostic: I hope that the current reduction of the balance sheet will be maintained until the reduction of the balance sheet is completely stopped. To ensure that the Federal Reserve does not go too far, it is appropriate to slow the pace of balance sheet reduction.
On March 25, Atlanta Federal Reserve President Bostic said in an interview that he now expects only one interest rate cut this year. This is lower than the two rate cuts he had previously expected. Bostic said he changed his forecast because he thought inflation would be "very bumpy" this year. He also said that businesses are starting to expect inflation to rise.
Bostic sees "incredible volatility" in the economy, with no clear results likely before late spring or summer. Click to view...
Atlanta Fed President Raphael Bostic, a member of the 2027 FOMC voting committee, said the economic impact of President Donald Trump's policies and other factors could take months to become clear, suggesting officials are likely to keep rates steady until at least late spring. Bostic reiterated that Trump's policy changes could affect the economy in different ways, adding to economic uncertainty. He said the Trump administration's new policies...
The Federal Reserve's Bostic said inflation is high, but we have made a lot of progress.
The Federal Reserve's Bostic: We still expect two rate cuts this year, but there is a lot of uncertainty.
Mr. Bostic said the Fed was expected to cut interest rates twice this year. A lot could happen in the future that could lead to more or less rate cuts. The base rate is currently in a moderate tightening state, compared with the neutral rate of 3% -3.5%. The slowdown is a major concern because of the upcoming policy changes, but businesses expect 2025 to be a solid year, and so far the economy has shown resilience.
The Federal Reserve's Bostic said confidence in the economic outlook for 2025 has decreased. It is difficult to take into account all potential policy changes in the economic outlook; inflation progress is not expected to show a straight line. The Federal Reserve did not cut interest rates significantly last year, and policy remains binding; satisfied with pausing interest rate cuts to observe economic development. The Federal Reserve is approaching the threshold level of its balance sheet, and ...
Federal Reserve's Bostic: The latest inflation data shows that careful monitoring is still required.
Federal Reserve Bostic: The Federal Reserve will remain on the sidelines until it has more clear information.
Federal Reserve Bank of Atlanta President Robert Bostic said the job market is still doing pretty well and the latest inflation data shows it still needs to be monitored cautiously. And said GDP is more resilient than expected. It is difficult to have confidence in any forecast at this time given the uncertainty of policy on multiple fronts. The Fed will remain on the sidelines until it gets more clear information.
Federal Reserve Bostic: Be prepared to wait for a while before cutting interest rates.
Federal Reserve Bostic: Be prepared to wait for a while before cutting interest rates.
Federal Reserve Bostic: Be prepared to wait for a while before cutting interest rates.