Editor's PiCK
President of the Federal Reserve Bank of Atlanta predicts one interest rate cut this year
Son Min
Summary
- The President of the Federal Reserve Bank of Atlanta predicted one interest rate cut this year.
- He stated that whether there is a rate cut will depend on the state of the economy.
- He said that a recession is not expected at this point.
The President of the Federal Reserve Bank of Atlanta has projected one interest rate cut this year.
According to Walter Bloomberg on the 3rd (local time), Raphael Bostic, President of the Federal Reserve Bank of Atlanta, stated, "I think there could be one interest rate cut this year," but added, "This depends on the state of the economy."
He continued, "At the moment, a recession is not expected," and added, "We will not rush in determining the policy stance."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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