Fed's Bostic supportive of a September rate cut, FT reports-September 2024-www.financetom.com

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

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

Aug 14, 2024 9:20 PM

(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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