According to Odaily, Federal Reserve official Bostic has expressed support for a 50 basis points rate cut. He emphasized the need to balance the uncertainties surrounding inflation and the risks in the job market. Bostic noted that the process of economic normalization is progressing faster than previously anticipated, necessitating adjustments in monetary policy.

Recent data indicates that the United States is steadily moving towards a sustainable path of price stability. Bostic also mentioned that, given the current high-interest rates, the differences in the neutral rate level are 'irrelevant.'