According to PANews, Fed President Bostic said that the first major interest rate cut was appropriate and he was very satisfied with it. The Fed will take active action when inflation rises, and it is expected that the inflation rate will reach 2% by the end of 2025.

This should be the timeline for interest rates to fall to neutral, with the neutral policy rate in the 3% to 3.5% range, and there are multiple ways to get there.