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

Odaily News: Federal Reserve's Bostic stated that 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 approach on interest rates with a more patient attitude. Additionally, he expects the impact of some tariff policies to persist until the first half of 2026. When asked about Wash, Bostic said he doesn't know him well but has heard he is "quite thoughtful." (Jin10)