Fed Official Sees Inflation Nearing Target But Expects Rate Cuts This Year
- Inflation is on track to reach the Fed's 2% target, though it's too early to declare victory
- The economy is in a very strong position right now
- Bostic is comfortable with the current restrictive policy stance
- Bostic expects two rate cuts this year, with the first in Q3
- It's an open question if and when the Fed will slow the pace of balance sheet reduction