Federal Reserve's Bostic: The Fed does not need to cut interest rates now

According to Jinshi reports, Federal Reserve's Bostic stated that the current risks of inflation and employment are basically in a balanced state, and the downside risks to employment have significantly weakened compared to before. However, the progress on inflation has stalled over the past two years, and the Federal Reserve still needs to remain vigilant, hoping to see clear evidence of inflation returning to the 2% target.

Bostic believes that the Federal Reserve does not need to cut interest rates at this time and should maintain a wait-and-see approach on interest rates with a more patient attitude. In addition, he also expects that the impact of certain tariff policies will last until the first half of 2026.