Fed Official Bostic: Interest Rates May Be Cut Before The End Of The Year

Speaking at the Greater Fort Lauderdale Alliance in Florida on Thursday, Raphael Bostic, president of the Federal Reserve Bank of Atlanta, noted that U.S. inflation is expected to be below Many expected a return to 2%.

Inflation levels are too high.

We still have a long way to go on inflation.

The road to 2% inflation will be slower and bumpier than expected.
Inflation is moving in the direction we want, but slowly.

I’m very patient.

I won’t rush for success.

If we can keep employment and wages growing and inflation on target, we can keep interest rates on hold.

I don’t think there will be a recession.

We have until the end of the year to lower interest rates.

I think the economy will continue to grow as both of our missions return to normal.

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