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WASHINGTON (Reuters) – Atlanta Federal Reserve President Raphael Bostic mentioned on Wednesday it’s not clear when the Fed can reduce rates of interest once more given uncertainty across the path of inflation and the scope of doable modifications to tariff and different insurance policies coming from the Trump administration.
“It may take some time to only work out what’s going on,” Bostic mentioned in a presentation to enterprise executives in Atlanta as knowledge confirmed inflation jumped in January and the administration was levying in depth new import taxes on primary metals and different items.
The subsequent reduce “goes to occur later than it could have in any other case … It could be that the fog lifts shortly or it could be that complexity will increase and the fog stays with us.”
(Reporting by Howard Schneider; Modifying by Chris Reese)
