Atlanta Fed President Bostic: open to timing rate cuts

Atlanta Fed President Bostic said he was open to changing his view on the timing of rate cuts based on data, but wanted to make sure inflation was "steadily" moving toward the 2% target before easing policy. He predicted that by the end of this year inflation will reach about 2.4%. Bostic stressed the Fed's independence, and said the Fed will continue to make the best decision in its eyes.