Federal Reserve's Bostic: The Fed Does Not Need to Cut Rates Now

Odaily News According to Federal Reserve's Bostic, the risks between inflation and employment are now largely balanced, and the downside risks to employment have significantly diminished compared to before. However, progress on inflation has stalled over the past two years, and the Fed must remain vigilant, hoping to see clear evidence that inflation is returning to the 2% target. Bostic believes the Fed currently does not need to cut interest rates and should maintain a wait-and-see, more patient stance on interest rate policy. Additionally, he expects the impact of some tariff policies to persist into the first half of 2026. Speaking about Wash, Bostic said he doesn't know him well but has heard he is "quite thoughtful." (Jin10)