Odaily Planet Daily reported that Federal Reserve Chairman Bostic said that the US economy is expected to normalize in the coming months; interest rate cuts are coming and he hopes to see more data; recent inflation data has strengthened confidence that inflation will return to 2%; if the economy develops as expected, interest rates will be cut before the end of the year; inflation is at a turning point where it is close to the target; he does not want the labor market to turn from hot to cold; a recession is not within his expectations.