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2025-12-17 04:04:07
Federal Reserve Chairman Bostic stated that price pressures are not solely due to tariffs, and the Fed should not rush to declare victory. Given the current complex situation, he would be surprised if the Fed could reach a consensus. He believes that progress in service sector inflation is needed before he can be confident in achieving the Fed's 2% inflation target. Currently, most businesses believe that technology's impact on employment is close to neutral, allowing for the reallocation of employees.
