Atlanta Fed President Bostic said that the Federal Reserve should patiently and gradually lower interest rates, which could bring inflation down to the 2% target level while keeping the U.S. economy from falling into recession. Bostic pointed out that although he expects the Fed to continue cutting interest rates, he believes there is no rush to adjust rates to a neutral level. He does not want the progress in fighting inflation to stall due to restrictive interest rate policies not being implemented long enough, so he will remain patient. According to Bostic's forecast, inflation may fall to 2% by the end of 2025, at which point interest rates could be adjusted to a neutral level.