Fed’s Bostic Flags Inflation Concerns, Sees One Cut This Year

Federal Reserve Bank of Atlanta President Raphael Bostic emphasized his worries over inflation as he repeated his expectation for one interest-rate cut this year.

“Given the trajectory of our two mandates, our two charges, I worry a lot about the inflation side, and mainly because we’re seeing expectations move in a troublesome way,” Bostic said Monday during an interview with CNBC, referring to consumer expectations for the future rate of price increases.