According to Jinshi Data, Atlanta Fed President Bostic said that stable prices and maximizing employment have now been balanced for the first time since 2021, but he added that he was "not ready" to declare victory over inflation.
“While inflation has declined substantially, risks to achieving our price stability mandate remain. We must remain vigilant,” Bostic said in a Wednesday article published by the Atlanta Fed.
He stressed that easing policy too early is a dangerous gamble and did not make it clear whether he would agree to cut interest rates by 25 basis points at the September meeting. He also pointed out that if the rate is lowered after inflation falls to 2%, there will be some risks to the labor market.