Central Banks
Fed’s Bostic Repeats Expectation of Just One Rate Cut This Year
- Atlanta Fed chief says central bank can afford to be patient
- Officials have to let the data guide policy, Bostic says
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Federal Reserve Bank of Atlanta President Raphael Bostic reiterated his expectation for one interest-rate cut this year, adding the central bank can afford to be patient as long as the economy holds up.
“I have an outlook for how the economy’s going to perform,” Bostic said Monday during a moderated conversation hosted by the University of Cincinnati’s Real Estate Center in Ohio. “If it does that, then I think we can afford to be patient.”