Central Banks
Fed’s Bostic Says He Doesn’t See Urgency to Cut Interest Rates
- Atlanta chief watching three-month, six-month inflation rates
- Says inflation heading in right direction, still too high
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Federal Reserve Bank of Atlanta President Raphael Bostic said he doesn’t expect there will be urgency to lower rates next year, emphasizing that the US central bank must be resolute and patient as officials assess their next policy move.
“For me, I’m thinking inflation is going to come down relatively slowly in the next six months, which means there’s not going to be urgency for us to pull off our restrictive stance,” Bostic said during a question-and-answer session at an event in Atlanta.