Atlanta Fed President Wants to See “Some More Data” - Expected to Cut Interest Rates by the End of the Year

Updated 2024/8/14 5:06 JST (some excerpts)
“After interest rate cuts have started, it is really inconvenient to look back and resume interest rate hikes.”
The view that interest rate cuts are too slow, President Bostic joins the opponents

President Bostic of the US Atlanta Federal Reserve Bank expressed the idea that he would like to support interest rate cuts after looking at “a little more data.” It was emphasized that it is desirable that there is no need to correct the trajectory after interest rate cuts have begun.
　　President Bostic stated “I want to obtain absolute certainty” at the African American Financial Experts Meeting held in Atlanta on the 13th. “Once interest rate cuts have started, it is really inconvenient to look back and resume interest rate hikes,” he said.