Fed’s Bostic urges caution on rate cuts amid global uncertainty
19/1/2024 6:32
Federal Reserve Bank of Atlanta President Raphael Bostic urged policymakers to proceed cautiously toward interest-rate cuts given the potential economic impact of unpredictable events ranging from elections at home to conflicts around the world.
“In such an unpredictable environment, it would be unwise to lock in an emphatic approach to monetary policy,” Bostic said in prepared remarks Thursday at an event hosted by the Atlanta Business Chronicle. “That is why I believe we should allow events to continue to unfold before beginning the process of normalizing policy.”
Source: Bloomberg
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