Federal Reserve's Bostic: Labor market risks rise, but there is still a lot of data to be released before the September meeting
2025-08-07 15:32:24
The Fed's Mr. Bostic said risks to the job market had increased, but it was still too early to commit to a rate cut, more data would be available before the Fed's next meeting, and inflation was still expected to rise in the coming months. Mr. Bostic said he still thought a 25 percentage point cut this year might be most appropriate, but that "we're actually going to get a lot of data on inflation, and what's going on on the employment side, that's going to get me thinking... about the relative balance of risks between inflation and employment. The jobs data does suggest that the risks on the employment side are much higher than they used to be... I'll be sure to watch that carefully."
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