Fed’s Bostic: possible Fed could lower rates in late 2024 – CNBC

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. The policymaker, who does not hold a vote on the rate setting Federal Open Market Committee this year but will next year, has said in recent remarks he believes the Fed is done raising rates.