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Fed's Bostic: No 'urgency' to raise rates again, but cuts a long way off
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ATLANTA (Reuters) — With the economy slowing and inflation falling there is no urgency for the Federal Reserve to raise its policy interest rate again, but it will likely be a long time before the Fed moves to rate cuts, Atlanta Federal Reserve president Raphael Bostic said on Tuesday.
«I am not in a hurry to raise, not in a hurry to reduce either,» Bostic said at a Metro Atlanta Chamber event. «I am willing to be patient. I don't think there is an urgency for us to do anything more.»
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