No ‘urgency’ for further US interest rate hikes, no interest rate cuts yet = Atlanta Fed president | Reuters

2023-10-03 16:22:48

Atlanta Federal Reserve President Bostic said on the 3rd that with the U.S. economy slowing and inflation slowing, there is no urgency for the Federal Reserve to raise interest rates again, but cutting rates would be appropriate. He said it would take a “long time”. Photo taken on August 31st (2023 Reuters/Esa Alexander/File Photo)

[アトランタ ３日 ロイター] – Atlanta Federal Reserve President Bostic said on the 3rd that with the U.S. economy slowing and inflation slowing, there is no urgency for the Federal Reserve to raise interest rates again, but a rate cut is appropriate. He said it would take “a long time” to achieve this.

“I’m not in a hurry to raise interest rates, and I’m not in a hurry to cut rates,” he said at an event. “I don’t think there’s any urgency to do anything more. I’d like to see it stay put. That’s the right thing to do for a long time.”

He said current interest rates are “starting to slow the economy” and called for a “patient” approach to further policy changes, giving the economy time to adjust to the Fed’s previous rate hikes.

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