Atlanta Federal Reserve (Fed) President Raphael Bostic jumped into the news on Monday following the publication of his quarterly essay.
Key points
- A soft landing is hardly assured given the uncertainty.
- He doesn't foresee back-to-back rate cuts when they begin.
- He still expects two 25 basis point rate cuts in 2024.
- I need to see more progress and gain confidence in disinflation before voting to cut interest rates.
- Inflation is on track to return to the 2% target, but it is still too early to claim victory.
- January's hiring was a further sign of the continued strength of the US labor market.
- Inflation remains widespread, with the item share rising above 5%, with the trimmed average stuck at 2.6%.
- The Fed still has time to make sure inflation returns to its target.
- I see no degradation of the American labor market.
- The risks to inflation and employment have balanced.
- The pent-up exuberance of the US economy remains a risk to inflation.
- Companies are not in trouble and are willing to invest.
- Services inflation remains higher, adjustments may take longer to occur.
- There is no baseline assumption as to when it might be appropriate to reduce the pace of balance sheet reduction
Source: Fx Street

I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.