Latest news with #Bostick
CNBC
19-05-2025
- Business
- CNBC
Fed's Bostic says he's 'leaning' toward just one rate cut this year
Atlanta Fed Chair Raphael Bostic told CNBC on Monday that he currently prefers only one rate cut this year as the central bank tries to balance potential upward pressures on inflation with worries of a recession. The U.S. central bank released projections in March that pointed toward two quarter-point rate cuts in 2025. However, Bostic said Monday that the tariffs have been larger than the Fed expected at the start of the year. "For me right now, I'm expecting it's going to take a bit longer for that to sort out. ... I'm leaning much more into one cut this year, because I think it will take time, and then we'll sort of have to see," Bostic said on "Squawk Box." The Federal Reserve has a dual mandate to support maximum employment and stable prices. Worries about inflation flared up again last week when a consumer sentiment survey showed Americans were worried about the potential of tariffs to push inflation higher. When asked about which side of the mandate he is more worried about, Bostick focused on a potential rise in prices. "I worry a lot about the inflation side, and mainly because we're seeing expectations move in a troublesome way. ... That will make our job harder," he said. Bostick is not currently a voting member of the Federal One Market Committee, which sets interest rate policy.
Yahoo
28-01-2025
- Climate
- Yahoo
Family Promise assisting with storm relief in Bryan County
BRYAN COUNTY, Ga. (WSAV) — The recovery from this past hurricane season in Bryan County continues months later. Family Promise of the Coastal Empire is now working in the area to assist families struggling to rebuild after Tropical Storm Debby and Hurricane Helene. The flood water leaving behind devastation in several neighborhoods. 'For us, it was going into those homes and seeing that many of their rooms were still destroyed. They still had no walls, they still had no plumbing, and they still had no doors,' Family Promise CEO Katrina Bostick said. The Ogeechee River rose to near-record levels in August 2024. Around six months later, many of those homes are empty or waiting for repairs. Bostick is one of many volunteers knocking on doors and offering personalized case management. They are working to help people reach their financial, physical and emotional needs. 'If we do know that there is a household that is food insecure, we can process SNAP benefits to see if their eligible for those things or connect them to local food banks in this community,' Bostick said. 'We have waystation, so we'll connect them to those resources that are in the community so that some point, they can become whole.' Family Promise will be in Bryan County for the next two weeks with two locations: Richmond Hill at the Church on the Hill, Monday through Friday Pembroke at City Hall, Monday and Wednesday With the FEMA application deadline rapidly approaching on Feb. 7, 2025, FamilyPromise will prioritize applications to ensure all impacted households receive theassistance they need to meet this important deadline. For more information or to begin the recovery process, visit the Family Promiseof the Coastal Empire website. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
