WASHINGTON (Reuters) – Atlanta Federal Reserve President Raphael Bostic said on Wednesday it is not clear when the Fed can cut interest rates again given uncertainty around the path of inflation and the scope of possible changes to tariff and other policies coming from the Trump administration.
“It’s going to take a while to just figure out what is going on,” Bostic said in a presentation to business executives in Atlanta as data showed inflation jumped in January and the administration was levying extensive new import taxes on basic metals and other goods.
The next cut “is going to happen later than it would have otherwise … It may be that the fog lifts quickly or it may be that complexity increases and the fog stays with us.”
(Reporting by Howard Schneider; Editing by Chris Reese)
