Federal Reserve Board Member Bullard: The outlook suggests the Federal Reserve will keep interest rates unchanged for a period of time

Federal Reserve Board Member Bullard stated that recent data indicates the labor market is stabilizing, and the outlook suggests the Federal Reserve will keep interest rates unchanged for a period. He still believes there is a “significant risk” that inflation will remain above 2%; before further rate cuts, evidence is needed to show that commodity price inflation is continuing to decline. He also mentioned that the AI boom is unlikely to lead the Federal Reserve to cut rates, and in the long term, artificial intelligence should improve productivity and living standards.