Central Banks
Fed’s Bostic Sees One Cut, But Leaves Door Open to Changing View
- Says future data could lead him to project fewer or more cuts
- Atlanta Fed’s Bostic says the economic risks are balanced
Raphael Bostic
Photographer: Elijah Nouvelage/BloombergFederal Reserve Bank of Atlanta President Raphael Bostic reiterated his expectation for one interest-rate cut this year, but added he’s open to changing his view to later or additional rate reductions should the economic picture change.
Bostic highlighted the enduring strength of the US economy and labor market in an interview on Yahoo Finance Live. But he said signs of weakness in the jobs market would prompt him to consider earlier and more cuts than he is currently expecting.