Two senior Federal Reserve officials said Monday that they are in no rush to cut interest rates further given the uncertainty surrounding the U.S. economic outlook and the White House’s new policies, including tariffs.
“In my view … it’s really appropriate for policy to be patient, careful and there’s no urgency for making additional adjustments, especially given all of the uncertainty,” said Boston Fed President Susan Collins in an interview with CNBC.
Atlanta Fed President Raphael Bostic echoed Collins’s sentiments in a moderating discussion at the Rotary Club of Atlanta. Noting that the Fed cut interest rates by 100 basis points over three meetings starting last September, Bostic said he wanted to see what this easing “translates to in terms of the economy.”
”Depending on what the data are, it might mean we are waiting for awhile,” Bostic said.
MORE:
18 views