“There is still a fair amount that’s still outstanding,” Raphael Bostic, president of the Fed's Atlanta branch, said in an interview, referring to tariff-led price hikes.
Jerome Powell to give last Jackson Hole speech under watchful gaze of Wall Street, White House
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“We might need to shift our policy stance sooner than I would have thought before.” Several months earlier, Bostic had said he would likely support just one rate cut in the final three months of the year.
How fast will interest rates fall? Fed Reserve Chair Powell may provide clues in high-profile speech
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