Fed's Bostic: Confidence in economic outlook to 2025 has decreased

Fed's Bostic said that confidence in the economic outlook for 2025 has decreased. It is difficult to take into account all potential policy changes in the economic outlook; inflation progress is not expected to be in a straight line. The Fed did not cut interest rates significantly last year, and the policy remains constrained; it is satisfied with pausing interest rate cuts to observe economic development. The Fed is approaching the threshold level of its balance sheet, and the debt ceiling is a factor in determining this; it hopes to pay attention to the balance sheet on a daily basis to ensure that the asset shrinkage is not excessive.