Bostic Urges Fed to Be 'Cautious and Patient' on Policy

The video discusses the decision to raise the federal funds rate by 25 basis points, emphasizing the need for a cautious and patient approach to avoid excessive tightening. Despite progress, inflation remains high, and the policy is deemed restrictive enough to guide the economy towards the 2% inflation target. The speaker stresses the importance of maintaining price stability and is prepared to take necessary actions if inflation trends reverse.

What is the current federal funds rate being discussed in the text?

What risks does the speaker mention regarding tightening policy too much?

What is the speaker's stance on easing policy in the near future?

What is the target inflation rate mentioned in the text?

What does the speaker believe about the current policy's restrictiveness?