Fed's Bostic Open to Earlier Rate Cuts If Inflation Falls Faster, But Warns of Risks
- Bostic open to earlier rate cuts if inflation falling faster than expected
- Would need convincing evidence of faster inflation drop to advocate rate cut before Q3
- Premature rate cuts could unleash demand and upward price pressure
- Expects inflation to fall to 2.4% this year, still above 2% target
- Risks include global conflicts tangling supply chains, budget fights, elections