Fed’s Bostic Says Labor Market Nears Full Employment, Urges Caution Against Hasty Policy Changes

According to ChainCatcher, citing Jinshi News, Federal Reserve’s Bostic stated that the U.S. job market remains close to full employment, providing the Fed with an “opportunity” to avoid making any hasty policy adjustments. He emphasized the need to avoid policy swings that could cause trouble for the public and expressed a preference for waiting until “things become clearer.” Bostic believes there is currently ample time to make adjustments, as the labor market is essentially at full employment.