May 20, 2019 / 1:11 PM / 4 months ago

Atlanta Fed's Bostic says not expecting imminent interest rate cut: CNBC

FILE PHOTO: Federal Reserve Bank of Atlanta President Raphael Bostic participates in a panel discussion at the American Economic Association/Allied Social Science Association (ASSA) 2019 meeting in Atlanta, Georgia, U.S., January 4, 2019. REUTERS/Christopher Aluka Berry/File Photo

(Reuters) - Atlanta Federal Reserve President Raphael Bostic is not expecting an imminent interest rate cut and expressed confidence in the economy, he told CNBC in an interview on Monday.

“I would say I’m not expecting a rate cut to be imminent, certainly not by September,” Bostic, who is a nonvoting member of Federal Open Market Committee, said.

Reporting by Mekhla Raina in Bengaluru; Editing by Arun Koyyur

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