By TheStreet
America, we need to chill out. Raphael W. Bostic, president and chief executive officer of the Federal Reserve Bank of Atlanta, wants us all to be patient when it comes to possible interest rate cuts in 2025. There’s just a tad too many unknowns in the U.S. economy right now, including inflation numbers plus trade wars and tariffs, he said in a June 3 essay.
Fed faces delicate balance of prices, jobs
The Federal Reserve’s dual mandate targets low inflation and unemployment. These goals are often at odds because higher interest rates lower inflation but increase job losses, while lower interest rates lower unemployment but increase inflation.
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