Raphael Bostic, Federal Reserve official, anticipates two interest rate cuts this year as the economy grapples with uncertainty. While optimistic about future inflation decline towards the 2% target, Bostic acknowledges that the number of cuts might vary due to ongoing economic challenges. Businesses remain hopeful for deregulation, but express concerns about tariffs and immigration policies. Furthermore, signs of easing in the labor market have been observed, prompting Bostic to reiterate that the current benchmark interest rate remains moderately restrictive to prevent further stimulation in economic growth. He highlights that this upcoming policy shift poses significant obstacles to economic stability while businesses project robust growth in 2025.