FED Member Bostic Answered the Question of a 50 Basis Point Rate Cut: “Everything is on the Table”
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)

A top Fed official expressed openness to a rate cut in September and said timely action is needed to ease monetary policy amid signs of a cooling in the labor market.

Raphael Bostic, president of the Atlanta Federal Reserve and a voting member of the central bank’s interest rate-setting committee, told the Financial Times that as inflation pressures ease, it is crucial for officials to consider their duty to maintain full employment.

“Now that inflation has come into a range, we need to look at the other side of the spectrum, and there we have seen the unemployment rate rise significantly from low levels,” Bostic said. “But it does make me think about what the appropriate timing is, and so I am open to something happening in terms of us taking action before the fourth quarter.”

Bostic said the risks are high for the Fed as it considers when and how quickly to ease policy. “Waiting brings risk, and that’s why we have to be extra careful,” he said. “Because our policies move in both directions with a lag, we can’t afford to be late. We have to act as soon as possible.”

The comments by the Atlanta Fed president support market expectations that the central bank could begin cutting interest rates in September for the first time since the Covid-19 pandemic devastated the U.S. economy in 2020.

#FED #FOMC #InterestRateDecision #US #LowestCPI2021 $BTC $ETH $SOL