Fed's Bostic: We can't wait until inflation falls back to 2% before adjusting policy rates

avatar
ODAILY
08-23
This article is machine translated
Show original
Odaily Odaily News: Fed President Bostic said that the Fed's policies have produced results, and we can begin to gradually return to a normal policy stance. We cannot wait until inflation falls back to 2% before adjusting the policy interest rate. The Fed needs to seriously consider changes in the labor market and hope that (policies) will return to normal in a smooth and orderly manner. The performance of the labor market shows that it is gradually returning to a more normal state. (Jinshi)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments