We are into the swan song phase of Bostic's term as Atlanta Fed President as he will retire on February 28 so I wouldn't put too much weight on these comments:
Not through with inflation from tariffs
It's a huge undertaking for Warsh, I wish him the best. He's got a tall task
To have policy go in a direction you want, have to build trust with committee, show wisdom, guidance
Fed chair job is a very large job
By midyear, will have reached an equilibrium with economy
No one is projecting worsening of labor market
Outlook for 1H of 2026 is for strong economic performance, inflation to stay high and a source of concern
US economy looks resilient even before accounting for tax bill breaks, deregulation
I didn't project any rate cuts in 2026
One or two cuts would put us a neutral
It's always safer to go out as a hawk because if inflation takes off, you look prescient. If inflation falls, you can always say that you would have hiked later.
