Bostic: The Federal Reserve needs to focus on inflation and be wary of structural unemployment risks

According to Jinshi News, Federal Reserve's Bostic emphasized that monetary policy needs to remain patient and warned that the U.S. may face the risk of rising structural unemployment, a shift that cannot be fixed solely by interest rate adjustments. Bostic pointed out that if the unemployment issue stems from structural factors, significant rate cuts could raise inflation rather than create jobs. He holds a hawkish stance on price stability, cautioning against impulsive reactions to short-term economic "noise," and emphasized that the Fed's primary task remains controlling inflation.