Atlanta Federal Reserve's Bostic reiterated that he believes a rate cut this year is appropriate, although this may change based on inflation and the labor market situation. "I believe that, although price stability remains a top priority, the labor market has slowed to a sufficient extent, so some easing policies (possibly a rate cut of around 25 basis points) will be appropriate for the remainder of the year." "The situation may change depending on the trajectory of inflation and the evolution of the labor market in the coming months." On inflation, Bostic stated that he remains concerned about the lasting impact of tariffs on prices. "I still believe that the impact of tariffs on prices will not dissipate quickly, and in fact, it will not fully manifest for several months. I will not be complacent, simply assuming that expectations will remain stable and that there will not be another outbreak of inflation. The continuous depreciation of the dollar and the ongoing prosperity of the cryptocurrency market."