“We might need to shift our policy stance sooner than I would have thought before.” Several months earlier, Bostic had said he would likely support just one rate cut in the final three months of the year.
How fast will interest rates fall? Fed Reserve Chair Powell may provide clues in high-profile speech
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Raphael Bostic, president of the Fed's Atlanta branch, said in an interview Monday with The Associated Press that "evidence of accelerating weakness in labor markets may warrant a more rapid move, either in terms of the increments of movement or the speed at which we try to get back” to a level of rates that no longer restricts the economy.
Jerome Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates
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