Summary
- Raphael Bostic, president of the Federal Reserve Bank of Atlanta, stated that he maintains his previous outlook that the policy rate will be cut once this year.
- President Bostic explained that the recent employment indicators did not affect this Federal Open Market Committee (FOMC) decision.
- President Bostic noted that his position may be adjusted according to the trend of future indicators.
Raphael Bostic, president of the Boston Fed, stated that he maintains his earlier outlook that there will be one policy rate cut this year.
According to Walter Bloomberg, an international economic news channel, on the 1st (local time), Raphael Bostic, president of the Federal Reserve Bank of Atlanta, said, "At this point, I still expect one policy rate cut this year."
President Bostic met with reporters that day, stating, "The employment indicators released this week likely did not affect the Federal Open Market Committee (FOMC) decision," adding, "My stance may be adjusted depending on the flow of future indicators."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
