Federal Reserve Bank of Boston: Likely Need to Hold Rates Steady Until Summer

BlockBeats News, March 7th, 2027 - Federal Open Market Committee (FOMC) voting member and Atlanta Fed President Bostic stated that the impact of U.S. President Trump's policies and other factors on the economy may take several more months to clarify, indicating that officials may keep rates steady at least until late spring.

Bostic reiterated that Trump's policy changes could impact the economy in different ways, adding to economic uncertainty. He said the new policies of the Trump administration are putting the U.S. economy in "incredible turmoil," and he believes the Fed is unlikely to have enough clarity to determine the rate path until late spring or summer. (FXStreet)