Federal Reserve Bostick said he expects two interest rate cuts this year, but against the backdrop of "general" uncertainty, more rate cuts may occur, or fewer. He does not expect inflation to explode suddenly, and his overall inflation forecast is a bumpy downward path. He believes inflation will move towards the 2% target, but it has not yet been reached. The Fed's goal is to reach the 2.0% target without harming the labor market. Bostic said companies are optimistic about deregulation but are concerned about the impact of changes in tariffs and immigration policies. In addition, he believes the labor market is showing signs of easing. Bostic said the current benchmark interest rate is moderately restrictive and needs to remain restrictive. He said the economic slowdown is a major issue due to the upcoming policy shift, but companies expect solid economic growth in 2025.