Asking for policy outlook and rate cut projections for 2026, referencing December projections independent of new chair arrival.
Host/Interviewer
Raphael Bostic
Strong economic momentum requires keeping policy rate in mildly restrictive stance; current policy not strongly restrictive.
Raphael Bostic
Expects only 1-2 rate cuts in 2026 outlook, which would make returning inflation to 2% target unlikely.
Raphael Bostic
Time for patience due to government shutdown causing volatile statistics through April and lack of clear signals.
Raphael Bostic
Stabilized labor markets provide space to wait and let things play out to ensure inflation returns to 2% path.