- Tries not to focus on news report about the Fed, but on things that actually matter.
- May be at an inflection point on inflation, most recent CPI suggests inflation pressures are building.
- Right now would wait on cutting rates.
- Businesses say this is not a textbook tariff situation, are using different strategies for changing prices.
- May be into 2026 before full impact of tariffs on inflation is clear.
- Data will have to guide upcoming policy decisions.
- The Fed operates by committee, with a diversity of views
- Inflation is not at the Fed's target, central bank needs to preserve its credibility by meeting that goal
Bostic does not seem like someone Trump could convince to cut rates.
