Atlanta Fed President Raphael Bostic, in a moderated discussion yesterday, reiterated his expectation of two rate cuts by the Fed this year. He anticipates the first rate cut to occur in the third quarter.
For now, he’s “comfortable” with Fed’s “restrictive stance”. “I just want to see the economy continue to evolve with us in that stance and hopefully see inflation continue to get to our 2% level,” he added.
The US is “on a path to 2%” inflation and “the goal is to make sure we stay on the path,” he said.
