Atlanta Fed President Raphael Bostic forecasts a less sensitive US economy to interest rate changes post-pandemic and anticipates longer time for inflation to reach 2% target.
Atlanta Fed President Raphael Bostic sees a less sensitive economy to interest rate changes post-pandemic and cautions that it may take longer for US inflation to reach the 2% target compared to other countries. The post-pandemic landscape, robust job growth, and low-cost debt contribute to this reduced sensitivity. Bostic advises gradual progress in inflation and believes more patience is needed when considering rate cuts.
May 23, 2024
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