Federal Reserve's Bostic Anticipates Rate Cuts Amid Economic Uncertainty

According to BlockBeats, on February 27, Federal Reserve official Raphael Bostic expressed his expectation for two interest rate cuts this year. However, he noted that the number of cuts could vary due to prevailing uncertainties. Bostic anticipates a gradual decline in inflation, moving towards the 2% target, although it has not yet been achieved. The Federal Reserve aims to reach this target without harming the labor market. Bostic mentioned that businesses are optimistic about deregulation but are concerned about changes in tariffs and immigration policies. He also observed signs of easing in the labor market. Bostic stated that the current benchmark interest rate is moderately restrictive and needs to remain so. He highlighted that the upcoming policy shifts pose significant challenges to economic growth, but businesses expect robust growth in 2025.