US FEDERAL RESERVE REJECTS EARLY RATE CUTS, FOCUS ON INFLATION CONTROL
US FEDERAL RESERVE REJECTS EARLY RATE CUTS, FOCUS ON INFLATION CONTROL
Atlanta Fed President Raphael Bostic advises keeping interest rates at current levels to combat inflation.
Bostic emphasizes the need to focus on price stability after achieving employment goals.
The Fed left interest rates unchanged last month to monitor inflation progress and the impact of Trump’s policies.
The current benchmark interest rate is between 4.25% and 4.5%.
