FILE PHOTO:President and chief executive officer of the Federal Reserve Bank of Atlanta, Raphael Bostic speaks at the South African Reserve Bank's Biennial Conference in the Cape Town International Convention Centre, South Africa, August 31, 2023.
"I don't think there is an urgency for us to do anything more ...
I think that is the appropriate thing to do for a long time," Bostic said.
The current policy rate "is starting to slow the economy down.
Recent data showing a decline in the underlying pace of inflation is expected by many investors to hold the benchmark policy rate steady.
Persons:
Raphael Bostic, Esa Alexander, Bostic, Let's, Howard Schneider, Andrew Heavens, Will Dunham
Organizations:
Federal Reserve Bank of Atlanta, South African, Bank's, Cape Town International Convention Centre, REUTERS, Rights, Federal Reserve, Atlanta Federal Reserve, Metro Atlanta Chamber, Federal, Fed, Thomson
Locations:
South Africa, Atlanta