The president of the Federal Reserve Bank of Atlanta, Rafael Bostic, said that he has not yet made a decision on the need to reduce the Fed's interest rate in December. At the same time, he insists that officials should continue to cut rates in the coming months. Bostic noted that the risks in the economy are in a state of balance, and suggested considering the possibility of adjusting monetary policy in such a way that it does not create either stimulating or constraining effects on economic activity. He also stressed that the labor market does not show signs of significant deterioration, but policymakers should be cautious about risks related to inflation and employment. But at the same time, he believes that inflation is gradually approaching the target level of 2%. Since September, the Federal Reserve has already cut rates by three-quarters of a percentage point, starting with a more significant reduction. Several officials expressed support for a more cautious approach in lowering rates in the coming months.
