Fed’s Bostic Says Elevated Inflation Should Keep Rates on Hold

Federal Reserve Bank of Atlanta President Raphael Bostic said elevated inflation means the US central bank should wait before it cuts interest rates again.

“We should be waiting, and be more patient,” Bostic said Friday on CNBC. “We are still too high in inflation, so I think we need to be somewhat restrictive.”

Fed officials held their benchmark interest rate steady this week after making three straight reductions to close out 2025. Fed Chair Jerome Powell said the decision had broad support from policymakers after recent economic data showed some stabilization in the unemployment rate, which had previously been on ...