Fed's Bostic: Current uncertainty calls for patience on rate policy
NEW YORK (Reuters) -Atlanta Federal Reserve President Raphael Bostic said on Tuesday a strong economy gives the U.S. central bank time to weigh how tariffs will impact inflation and growth, while remaining open to the possibility of a single interest rate cut at some point later this year. "I continue to believe the best approach for monetary policy is patience," Bostic said in an essay released by his regional Fed bank. Speaking with reporters in a conference call, Bostic noted that in central bank forecasts released by the Fed in March he had penciled in a single rate cut for this year.
