Fed’s Bostic: Mandates are in tension.
|Federal Reserve Bank of Atlanta President Raphael Bostic is scheduled to participate in a fireside chat at the Evolving Landscape of Bank Funding Conference, hosted by the Federal Reserve Bank of Dallas on Friday. Bostic said that he supported the cut because he still feels the economy is in restrictive territory and that “we have to see more progress before comfortable getting rates to neutral.”
Key Takeaways
Eventually got behind the cut this week.
Mandates are in tension.
Supported cut because still feel we are in restrictive territory.
Need to get inflation to 2%. Less than half of upward price pressures being reported as from tariffs.
We have to see more progress before comfortable getting rates to neutral.
Really like Powell's fog analogy, preferable to go slower when uncertain.
Also, we are not completely flying blind. Some of labor market shift is due to structural changes like technology, immigration, trade policy."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.