Federal Reserve Bank of Atlanta President Raphael Bostic noted that tariffs are likely to result in higher prices, forcing the central bank to extend the timing for reaching its inflation target.Speaking at an event in Atlanta, Georgia, Bostic stressed that inflation is still much higher than the target....
Federal Reserve Bank of Atlanta President Raphael Bostic said tariffs bring higher costs, which will eventually lead to higher prices. However, he noted it remains uncertain whether these price hikes will result in sustained inflation.
Bostic added that he does not expect significant clarity on the impact of...
Federal Reserve Bank of Atlanta President Raphael Bostic suggested on Wednesday that he would support a pause in interest rate cuts to see how the economy performs. "I've been very comfortable with the idea we would take a pause, and wait and see how the economy's evolving, and then use...
Federal Reserve Bank of Atlanta President Raphael Bostic underlined on Wednesday that the United States central bank will not move "until it has enough information to do so," explaining that the patience in the monetary policy moves hints that the next interest rate cut would happen...
Federal Reserve Bank of Atlanta President Raphael Bostic emphasized on Monday that tariffs on imports from Mexico, Canada, China, and likely the European Union, announced by United States President Donald Trump, are "an aspect of uncertainty.""The current degree of uncertainty has...
Federal Reserve's Raphael Bostic emphasized on Monday that the bank is not set on a predetermined outcome for its December meeting. He stressed that the current policy rate remains restrictive and urged against assuming cuts will occur at every meeting. "Though my baseline outlook is positive,...
Federal Reserve Bank of Atlanta President Raphael Bostic said on Friday that he is "not in a rush" to reach a neutral policy rate, which he considers to be between 3% and 3.5%."We must get inflation back to our 2% target, and I don't want us to get to a place where the inflation stalls out because we...
Federal Reserve Bank of Atlanta President Raphael Bostic expressed optimism about the US economy, saying it is "performing quite well."
He shared confidence that inflation will gradually reach the Federal Reserve's 2% target, which is key to the central bank's long-term strategy for economic...
United States Federal Reserve Bank of Atlanta President Raphael Bostic stressed during an interview that he is "open" to holding interest rates steady in November or December, The Wall Street Journal reported on Thursday."I am totally comfortable with skipping a meeting if the data suggests that's...
Federal Reserve Bank of Atlanta President Raphael Bostic said on Monday that some uncertainty still remains about whether the Fed's dual mandate of 2% inflation and maximum employment is "fully within reach," which is why interest rates were not cut more than 50 basis points last week. However,...
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