SAN DIEGO, Feb 3 (Reuters) - With inflation stable and the U.S. economy pretty close to full employment, the Federal Reserve will be able to keep rates where they are for the time being, Atlanta Federal Reserve Bank President Raphael Bostic said.
“In general I think both on the inflation and employment side, we are performing pretty much close to target if not right on it, so that’s encouraging,” Bostic said at a Global Interdependence Center conference in San Diego. “I think that can be sustained for a while, and so in that context, I think our policy stance of stability makes a lot of sense.”
The Fed cut rates three times last year to a target range of 1.5% to 1.75%, and most policymakers have signaled it will likely be appropriate to leave them there through the end of 2020. By contrast traders are betting the Fed will need to cut rates again by June. (Reporting by Ann Saphir Editing by Chris Reese)