Atlanta Federal Reserve Bank President Raphael Bostic said Friday he will be patient on cutting rates to make sure inflation does not stall out above the U.S. central bank's 2% target. "I'm not in a rush to get anywhere,

A Federal Reserve official said he was open to cutting interest rates by a quarter percentage point or standing pat at the central bank’s meeting next month depending on how the economic outlook develops.

El presidente del Banco de la Reserva Federal de Atlanta, Raphael Bostic, aseguró que no tiene prisa por bajar las tasas de interés hasta el llamado nivel neutral, enfatizando que los responsables de la política monetaria están comprometidos con alcanzar el objetivo de inflación del 2%.

I’m not in a rush to get to neutral,” Federal Reserve Bank of Atlanta President Raphael Bostic said of interest rates during a moderated conversation at an event hosted by the Mississippi Council on Economic Education in Jackson,