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More Rate Cuts Could Reignite Inflation, Hurt Fed Credibility, Bostic Says
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More Rate Cuts Could Reignite Inflation, Hurt Fed Credibility, Bostic Says
WASHINGTON, Dec 16 — Further interest rate cuts could put U.S. monetary policy on an accommodative footing that stimulates economic growth and puts the country at risk of a new jump in inflation and inflation expectations, Atlanta Federal Reserve President Raphael Bostic said on Tuesday. “Moving monetary policy near or into accommodative territory, which further federal funds rate cuts will do, risks exacerbating already elevated inflation and u…
Atlanta Fed President Raphael Bostic warned that further rate cuts could make monetary policy too loose, reignite inflation and jeopardize the Federal Reserve's credibility.
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