Atlanta Federal Reserve President: The U.S. is facing long-term inflationary pressures and should not rush to cut interest rates in the short term

Atlanta Federal Reserve President Raphael Bostic stated that the United States is facing long-term high inflation pressures, influenced by trade policies and geopolitical factors, which may affect consumer psychological expectations. He emphasized that the Federal Reserve should remain patient and should not rush to cut interest rates, as the current economic adjustment process may last a year or longer. Despite the strong performance of the labor market, Bostic believes there are no signs of weakness that would warrant a rate cut, and it is not the right time to adjust monetary policy; maintaining a wait-and-see strategy remains appropriate