Fed's Bostic: Inflation will fall very slowly
needs to maintain a restrictive stance; doesn't see a rate cut in July but is open to it if data testifies to it; is looking at services inflation for signs of improvement; doesn't think it needs to hike rates to reach 2% target; economy continues to grow but at a slower rate; expects to achieve the unemployment rate without a significant rise in the Inflation target; if it is appropriate to cut rates in September, we will do so, this is not a political decision.
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