Federal Reserve's Bostic: Can't wait for inflation to reach 2% before abandoning restrictive stance
2024-08-28 22:58:14
Midland Reserve Bostic said inflation aspect paragraph history standards measuredesk3cryptocurrencydesktopCrypto News
The Federal Reserve's Bostic said that there is still some way to go on inflation; employment remains quite strong by historical standards; the Fed cannot wait for inflation to reach 2% before abandoning its restrictive stance; and it is still waiting for data to determine when to cut interest rates.
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