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Fed's Bostic: The best approach for monetary policy is patience

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Fed's Bostic: The best approach for monetary policy is patience

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update 2025.06.03 23:18
Fed's Bostic: The best approach for monetary policy is patience

update 2025.06.03 23:18

Atlanta Federal Reserve President Raphael Bostic indicated that a robust economy provides the US central bank with the opportunity to consider the effects of tariffs on inflation and growth, while also expressing openness to the potential for a single interest rate cut later this year.

Key Quotes

  • Best monetary policy approach now entails 'patience'.
  • Given the 'healthy' economy, the Fed has time to see how uncertainty resolves.
  • 'I am in no hurry to adjust our policy stance.'
  • Still sees a possible path to one interest rate cut this year, depending on the economy.
  • 'Tough call' to say if Fed would be cutting rates absent trade uncertainty.
  • Says he is 'very cautious' about jumping to cutting rates.
  • Says he needs to see more progress on lowering inflation before supporting a rate cut.
  • Not declaring victory on inflation yet.
  • Say there is still a way to go on inflation; core prices are 'still an issue'.
  • Unclear right now how tariffs will affect the inflation outlook.
  • Hard data has yet to reflect the 'gloomier' sentiment mood.
  • Job market appears broadly healthy, with some signs of weakness.
  • No sign yet tariffs have boosted inflation.
  • Recession is not in his forecast right now.

Date

Created

 : 2025.06.03

Update

Last updated

 : 2025.06.03

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