Federal Reserve Bank of Atlanta President Bostic has an open attitude towards interest rate cuts

According to media reports, Raphael Bostic, the President of the Federal Reserve Bank of Atlanta, reiterated his expectation for a rate cut this year. However, he added that if economic conditions change, he is open to delaying or further reducing interest rates. Bostic emphasized the continued strength of the U.S. economy and labor market but indicated that signs of weakness in the job market would prompt him to consider earlier and more rate cuts than currently anticipated. He previously stated that he expects the Fed will cut rates in the fourth quarter. He said: "I do believe risks are balanced given how robust, strong and resilient US economy has been - I can't rule out even possibly having to delay further rate cuts." But he also noted: "If I start getting different signals indicating a lot of pain ahead for labor markets then I would be willing to adjust our policy stance perhaps cutting rates sooner."