Fed's Bostic: possible Fed could lower rates in late 2024 - CNBC
© Reuters. FILE PHOTO: President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. REUTERS/Clodagh Kilcoyne/File PhotoNEW YORK - Federal Reserve Bank of Atlanta President Raphael Bostic said on CNBC Friday that while inflation remains too high it is coming down amid mounting evidence of an economic slowing, and that could open the door to easier monetary policy late next year.
But that's possible next year, and"I would say late 2024" is on the table for an easing, Bostic said. Bostic said in the television appearance that information he's picking up points to an economy which, while still possessing forward momentum, is losing speed.
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