Federal Reserve Bank of Atlanta President Bostic said on Thursday that there is still a distance to go on inflation, adding that the central bank should wait for more data before cutting rates.
Fed eral Reserve Bank of Atlanta President Bosticsaid on Thursday thatthere is still a distance to go on inflation, adding that the central bank should wait for more data before cutting rates. Key quotes Inflation has more room to decline. Sees solid employment despite the historical context. Waits for more data before considering a rate cut. Prefers waiting longer, even if it means being cautious. It would not be good to cut rates only to have to raise them again.
How often does the Fed hold monetary policy meetings? The Federal Reserve holds eight policy meetings a year, where the Federal Open Market Committee assesses economic conditions and makes monetary policy decisions. The FOMC is attended by twelve Fed officials – the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining eleven regional Reserve Bank presidents, who serve one-year terms on a rotating basis.
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