Fed's Bostic: Moody's downgrade of US rating will affect the entire economy and financial markets

Odaily Planet News: Atlanta Federal Reserve Bank President Bostic stated that Moody's downgrade of the U.S. rating will impact the entire economic and financial markets. The rating downgrade will affect funding costs and potentially ripple through the entire economy. He will observe the impact of the downgrade on U.S. Treasury demand. The Federal Reserve will have to determine how the downgrade will affect its already unstable outlook. Considering household balance sheet conditions and recent inflation, it is currently unclear whether consumers can bear the full cost of tariffs. It will take three to six months to observe how uncertainty gradually dissipates. (Jinshi)