Federal Reserve Bank of Atlanta President Bostic said on Thursday that the inflation path will be bumpy and less inflation breadth would add to confidence for a rate cut.
Fed eral Reserve Bank of Atlanta President Bosticsaid on Thursday thatthe inflation path will be bumpy and less inflation breadth would add to confidence for a rate cut. Key quotes Inflation path will be bumpy. General inflation trend is down. Path to 2% inflation is not assured. Job market is tight, but not as much as it was. Breadth of price gains still significant. Less inflation breadth would add to confidence for a rate cut. Market reaction TheUS DollarIndex is trading 0.
How often does the Fed hold monetary policy meetings? The Federal Reserve holds eight policy meetings a year, where the Federal Open Market Committee assesses economic conditions and makes monetary policy decisions. The FOMC is attended by twelve Fed officials – the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining eleven regional Reserve Bank presidents, who serve one-year terms on a rotating basis.
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