Bostic: Comfortable waiting for rate cuts given high levels of uncertainty
ReutersFeb 3, 2025 6:21 PM
ATLANTA, Feb 3 (Reuters) - The high degree of uncertainty around tariffs and other policies have made it difficult for the Fed to anticipate how the economy will evolve and made a cautious approach to further rate cuts appropriate, Atlanta Fed president Raphael Bostic said on Monday.
There is "a ton of uncertainty in a ton of space," Bostic said in remarks to the Rotary Club of Atlanta. "There are a lot of things I am going to wait and see about...I'd be very satisfied to wait for a while."
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