Federal Reserve's Bostic: The Federal Reserve currently does not need to cut interest rates

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Odaily Planet Daily reports that Federal Reserve Board member Christopher Waller stated that the current risks of inflation and employment are essentially balanced, and the downside risks to employment have significantly diminished compared to before. However, inflation has stagnated over the past two years, and the Federal Reserve still needs to remain vigilant, hoping to see clear evidence of inflation returning to the 2% target. Waller believes that the Federal Reserve does not need to cut interest rates at this time and should remain cautious and patient regarding rate decisions. Additionally, he expects that the impact of some tariff policies will persist until the first half of 2026. Regarding Wosh, Waller said he is not very familiar with him but has heard that he is “quite thoughtful.” (Jin10)

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