Federal Reserve Bostic: Supports a 50 basis point cut in interest rates
Federal Reserve's Bostic stated that he supports a 50 basis point cut in interest rates to seek compromise between the uncertainties of inflation and job market risks. The process of economic normalization is "faster than previously expected", and monetary policy needs to be adjusted accordingly. Recent data shows that the United States is steadily moving towards a sustainable path of price stability. With such high interest rates, disagreements over the neutral rate level are "irrelevant"
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