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Bostic, on speculation of rate cuts in 2023, says 'not so fast'; Fed shouldn’t 'overreact’ if 2% isn’t quickly reached
*BOSTIC, ON SPECULATION OF RATE CUTS IN 2023, SAYS `NOT SO FAST'
— Cable FX Macro (@cablefxmacro) October 5, 2022
*BOSTIC: FED SHOULDN’T `OVERREACT’ IF 2% ISN’T QUICKLY REACHED
*BOSTIC: BASELINE IS ECONOMY CAN WITHSTAND 4% TO 4.5%
*BOSTIC WARNS AGAINST REVERSING COURSE `PREMATURELY’
Added at 4:04pm
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Fed’s Bostic: Repeats Wants Rates At A "Moderately Restrictive" Level From 4 To 4.5%, Then Hold To Assess Impact
— LiveSquawk (@LiveSquawk) October 5, 2022
- Fed Should Not Be Quick To Cut Rates If Economy Weakens, But Stay "Purposeful And Resolute" In Seeing Inflation Lowered