Economic news

Fed’s Bostic supportive of a September rate cut, FT reports

2024.08.15 00:31

© Reuters. FILE PHOTO: Atlanta Federal Reserve President Raphael Bostic walks into a conference in Jackson Hole, Wyoming, U.S., August 23, 2019. REUTERS/Jonathan Crosby/File Photo

(Reuters) – Atlanta Federal Reserve President Raphael Bostic is “open” to an interest rate cut in September, he told the Financial Times in an interview published on Thursday, adding that the U.S. central bank can’t “afford to be late” to ease monetary policy.

“I’m open to something happening in terms of us moving before the fourth quarter,” Bostic told the newspaper.



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