Reported about 1 month ago
Atlanta Federal Reserve Bank President Raphael Bostic urged a careful approach to lower the Fed's policy rate to between 3% and 3.5% by the end of next year. He emphasized the need to reach the 2% inflation target without hastening the process, advocating that maintaining restrictive measures is crucial for economic stability. While there are expectations for more rate cuts, Bostic reassured that he does not foresee a recession, citing sustained economic momentum.
Source: YAHOO