Bostic

Bostic: Risks to Fed's Jobs and Inflation Goals Are Now in Balance

8 months ago

Raphael Bostic, the president of the Federal Reserve Bank of Atlanta, stated that the current risks to the Federal Reserve's goals concerning employment and inflation are now largely balanced. In a recent speech, Bostic emphasized that despite some uncertainty in the economy, the central bank faces a choice of whether to change its monetary policy or continue on its current path.

Atlanta Fed's Bostic Calls for Caution Ahead of Potential Rate Cuts

8 months ago

Robert Bostic, president of the Federal Reserve Bank of Atlanta, has expressed caution regarding a potential reduction in interest rates next month. He emphasized the need for more data to confirm the necessity of such a move. Bostic focused on current macroeconomic indicators, which he believes require deep analysis to understand whether the economy is truly in a position that would justify a rate cut. His comments suggest that Bostic prefers to remain vigilant before making further decisions regarding monetary policy.

Fed's Bostic Suggests Multiple Rate Cuts Could Be on the Table in 2024

8 months ago

Federal Reserve Bank of Atlanta President Raphael Bostic indicated that the central bank might consider several interest rate cuts in 2024 if the economic landscape continues to slow. In his recent comments, Bostic highlighted that the growth of the U.S. economy may be gradually decelerating, which could prompt the Federal Reserve to lower rates.