Fed's Bostic: Want to avoid volatility from the balance-sheet runoff
Atlanta Federal Reserve Bank President Raphael Bostic said on Monday that he wants to avoid volatility from the balance sheet runoff.
Bostic added that he expects the US economy and inflation to slow gradually and repeated that he anticipates the US central bank to lower the policy rate once this year.
On Friday, he noted that inflation was falling more slowly than anticipated, with many items recording outsized price increases.
Market reaction
These comments failed to trigger a noticeable market reaction. At the time of press, the US Dollar Index was down 0.2% on the day at 104.22.
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