Federal Reserve's Bostic: Moody's downgrade of the U.S. rating will impact the entire economy and financial markets

ChainCatcher news, according to Jinshi reports, Federal Reserve's Bostic stated that Moody's downgrade of the U.S. rating will affect the entire economy and financial markets. The downgrade will impact the cost of funds and may affect the entire economy. We will observe the impact of the downgrade on the demand for U.S. Treasury bonds. Considering the state of household balance sheets and recent inflation, it is currently unclear whether consumers can bear the full cost of tariffs. We need to wait three to six months to see how uncertainty gradually dissipates.