Fed's Bostic: Rate cuts should be brought forward to the third quarter

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ODAILY
08-29
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Odaily Odaily News: Fed's Bostic said that if you need to raise interest rates again after cutting interest rates, it is not a good idea. Inflation has fallen faster than expected, and the increase in unemployment has far exceeded my expectations. By historical standards, the labor market is still quite strong. We can't wait until inflation falls to 2% to change restrictive policies. We still need to work hard on inflation. This means we should bring forward the rate cut to the third quarter. (Jinshi)

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