Speaking in an interview with the Financial Times (FT) early Thursday, Atlanta Federal Reserve (Fed) President Raphael Bostic said that he is “open to September rate cut as inflation cools.” Additional quotes Price pressures eased officials also needed to be conscious of their mandate of maintaining full employment.
Speaking in an interview with the Financial Times early Thursday, Atlanta Fed eral Reserve President Raphael Bostic said that he is “open to September rate cut as inflation cools.” Additional quotes Price pressures eased officials also needed to be conscious of their mandate of maintaining full employment. The labor market is weakening but not weak. Market reaction These above dovish comments fail to move the needle around the US Dollar Index, as it holds the overnight recovery above 102.
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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