Federal Reserve Bank of Atlanta President Raphael Bostic emphasized widespread economic uncertainty and signs of labor market softening in his latest quarterly message, urging a cautious approach to monetary policy while still noting the economy is “broadly healthy.”
Speaking in a video address accompanying his essay, Bostic noted that the Federal Open Market Committee (FOMC) decided in January to keep its benchmark interest rate steady at a range of 4.25 to 4.5 percent after reducing it by a full percentage point over the last three meetings of 2024.
