🗣️Fed member Bostic:
•We cannot wait for inflation to return below 2% to change the policy rate.
•We are close to being ready to cut rates.
•Our policy has shown its effect and we can start returning to a normal policy stance.
•The labor market is a sign that we are returning to a much more normalized place.
•The inflation figures from the last few months have increased my belief that inflation will return to 2%.
🗣️Fed/Bostic:
• To change the policy rate, we cannot wait for inflation to return below 2%.
•We are close to being ready for a rate cut.
•Our policy has shown its effect and we can start returning to a normal policy stance.
•The labor market is a sign that we are returning to a much more normalized place.
•The inflation figures from the last few months have increased my belief that inflation will return to 2%.
