Fed's Bostic Comments On Interest Rate Decisions And Inflation Trends

According to BlockBeats, on August 29, Federal Reserve's Raphael Bostic stated that it would not be advisable to lower interest rates only to raise them again later. He noted that the pace of inflation reduction has exceeded expectations, while the rise in unemployment has been more significant than anticipated. Despite these changes, Bostic emphasized that the labor market remains robust by historical standards. He asserted that the Federal Reserve cannot wait until inflation reaches 2% before altering restrictive policies and stressed the need for continued efforts to address inflation. This suggests that the timeline for potential interest rate cuts might be moved up to the third quarter.