Federal Reserve Bank of Atlanta President Raphael Bostic emphasized that we must wait for further clarification of Trump's policies before adjusting interest rates. “The specific direction of the economy largely depends on the details of the policy direction,” Bostic said at a dialogue event held in Atlanta on Monday local time. “Because we don't know this yet, this is another reason why I don't think it would be wise to push the policy too boldly in any direction.” Bostic pointed out that the labor market is generally in line with the Federal Reserve's maximum employment target, but the Fed still has a long way to go to achieve the 2% inflation target. He reiterated that tariffs may delay the schedule for achieving this price target. He expects the economic growth rate to exceed 1% this year, but said there is a lot of uncertainty about this outlook. He described the economy as being in a “major standstill.” Bostic notes that businesses are delaying investments and consumers are delaying major purchases.

Federal Reserve Bank of Atlanta President Raphael Bostic emphasized that we must wait for further clarification of Trump's policies before adjusting interest rates. “The specific direction of the economy largely depends on the details of the policy direction,” Bostic said at a dialogue event held in Atlanta on Monday local time. “Because we don't know this yet, this is another reason why I don't think it would be wise to push the policy too boldly in any direction.” Bostic pointed out that the labor market is generally in line with the Federal Reserve's maximum employment target, but the Fed still has a long way to go to achieve the 2% inflation target. He reiterated that tariffs may delay the schedule for achieving this price target. He expects the economic growth rate to exceed 1% this year, but said there is a lot of uncertainty about this outlook. He described the economy as being in a “major standstill.” Bostic notes that businesses are delaying investments and consumers are delaying major purchases.