Fed's Bostic: The Fed does not need to cut interest rates now

According to Odaily Planet Daily, Federal Reserve Chairman Bostic stated that current inflation and employment risks are largely balanced, and the downside risks to employment have significantly diminished compared to before. However, inflation progress has stalled over the past two years, and the Fed still needs to remain vigilant, hoping to see clear evidence of inflation returning to the 2% target. Bostic believes the Fed does not need to cut interest rates at present and should remain on the sidelines and adopt a more patient approach to interest rates. Furthermore, he expects the impact of some tariff policies to continue until the first half of 2026. Regarding Warsh, Bostic said he doesn't know him well, but has heard he is "quite thoughtful." (Jinshi)