Federal Reserve official Raphael Bostic suggests potential interest rate cut if job market deteriorates.

Federal Reserve official Raphael Bostic indicated he may support a significant interest rate cut if the job market deteriorates unexpectedly. This potential move reflects concerns about economic stability and aims to stimulate growth amid changing labor market conditions. Bostic's comments suggest a willingness to adapt monetary policy in response to economic indicators, particularly in employment.

September 30, 2024
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