News list for "Chu Bostic"
Federal Reserve official Bostic expressed support for keeping interest rates unchanged until inflation fell to 2%.
The biggest question for stablecoins is which use cases will dominate; cross-border transfer is likely to be one of them.
Atlanta Fed President Robert Bostic made clear on Friday that a December rate cut was not a given. Speaking about the outlook for monetary policy at the Dallas Fed meeting, he stressed: "I would reiterate that every meeting is a live decision, and we are neither pre-set nor deviate from the principle of data dependence." Bostic specifically pointed out that despite strong market expectations for a rate cut at the end of the year, Federal Reserve Chairperson Jerome Powell made it clear after this...
BOSTIC, Federal Reserve: The dot plot numbers show that there are different views, but don't get too ahead of yourself. We will rely on the data to ensure appropriate decision-making.
On November 1st, Atlanta Federal Reserve President Bostic made it clear on Friday that a December interest rate cut is not a given. Speaking about the outlook for monetary policy at the Dallas Fed meeting, he stressed: "I would reiterate that every meeting is a live decision, and we have neither set a course nor deviate from the principle of data dependence." Bostic specifically pointed out that despite strong market expectations for a rate cut at the end of the year, Federal Reserve Chairperson...
The Federal Reserve's Bostic said it would prefer interest rates to remain unchanged this week, but ultimately supports a rate cut this week, with tensions between various tasks.
Federal Reserve's Bostic: So far, the impact of tariffs on inflation has been much more muted than expected.
Federal Reserve Bostic: Employment risk is on par with inflation risk.
Mr. Bostic said inflation should remain vigilant given that it has been chronically above target.
The Federal Reserve's Bostic forecasts that core inflation will reach 3.1% by the end of the year.
