
Differing views emerge within the Fed as Atlanta’s Raphael Bostic joins other regional leaders in cautious stance toward December rate reduction.
Atlanta Fed President Raphael Bostic said he supported the two rate cuts implemented earlier this year but has yet to decide on endorsing another in December. The Federal Reserve has lowered rates by a total of 50 basis points in 2024, and futures markets place less than a 50% chance on an additional 25 basis-point cut at the Dec. 9–10 meeting. Alongside Bostic, regional presidents from Boston, St. Louis, Chicago, and Kansas City are not actively advocating for a December rate cut, highlighting divisions within the FOMC over near-term monetary policy direction.