Federal Reserve Bostic: The labor market is cooling down, but he doesn't expect a significant slowdown. Failure to meet the inflation target for many years may “indeed damage” the credibility of the Federal Reserve. Further interest rate cuts will bring monetary policy closer to or into an easing range, putting inflation and inflation expectations at risk.

Federal Reserve Bostic: The labor market is cooling down, but he doesn't expect a significant slowdown. Failure to meet the inflation target for many years may “indeed damage” the credibility of the Federal Reserve. Further interest rate cuts will bring monetary policy closer to or into an easing range, putting inflation and inflation expectations at risk.