Fed's Bostic: Leaning towards one cut this year with more concern about inflation than jobs - CNBC
19/05/2025 12:31
AMELIA ISLAND, May 19 (Reuters) - Atlanta Fed president Raphael Bostic said on Monday the central bank may only be able to cut interest rates by a quarter point over the rest of the year given concerns about rising inflation stoked by higher import taxes. Progress in returning inflation to the Fed's 2% target "is going to take a bit longer," Bostic said in comments to CNBC. "I am leaning much more into one cut this year." Policymakers at their March meeting anticipated a half-point in rate cuts over the year. (Reporting by Howard Schneider, Editing by Louise Heavens) ((howard.schneider@thomsonreuters.com; +1 202 789 8010;))