The Fed's Bostic said that it still believes that the interest rates need to rise to 5.00%-5.25% and need to remain at this level until 2024. The US inflation rate is still too high, and the Fed must immediately beat inflation, but the Fed will not consider adjusting policy until it sees a downward trend in demand.
Federal Reserve Bostic Still Believes Interest Rates Need to be Raised to 5.00%-5.25%
The Fed's Bostic said that it still believes that the interest rates need to rise to 5.00%-5.25% and need to remain at this level until 2024.
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