Fed's Bostic:The labor market is performing incredibly well

  • Atlanta Fed Pres. Rafael Bostic is speaking
Fed's Bostic
  • Labor market is performing incredibly well.
  • Latest inflation number show careful monitoring still needed.
  • Deployment of AI will likely mean fewer workers are needed in some industries.
  • May be a wide gap in skills between the jobs destroyed by AI and those created by it
  • The Fed is sitting tight until there is more clarity
  • The Fed will not move until it has enough information to do so
  • Tariff discussion has lots of moving parts. Impact will depend on final details
  • Patience suggests that the next cut will happen later in order to have time to get more information.
  • Would not be comfortable moving again on rates until there is more clarity on direction of the economy.

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