Federal Reserve Bostic: The deterioration of the labor market will become a reason to accelerate the achievement of neutral interest rates, but this is not fundamentally expected
In his latest remarks, Federal Reserve's Bostic pointed out that if the labor market deteriorates, it would be a reason to accelerate the achievement of neutral interest rates, but this is not fundamentally expected.
He believes that there will be some "fluctuations" in inflation in the future and he will wait and see what measures need to be taken regarding interest rates.
Bostic also stated that the neutral interest rate is within the range of 3% to 3.25%. As interest rates fall, the Federal Reserve will make more extensive use of models and surveys of consumers and businesses to estimate neutral interest rates.
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