Federal Reserve Bank of Atlanta President Raphael Bostic said he’s not in a hurry to lower interest rates to the so-called neutral level, emphasizing that policymakers are committed to achieving their 2% inflation target.

Atlanta Federal Reserve Bank President Raphael Bostic said Friday he will be patient on cutting rates to make sure inflation does not stall out above the U.S. central bank's 2% target. "I'm not in a rush to get anywhere,

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The central bank official told CNBC that there's still a lot of work to be done before the Fed reaches its inflation goal of 2% annually.

I’m not in a rush to get to neutral,” Federal Reserve Bank of Atlanta President Raphael Bostic said of interest rates during a moderated conversation at an event hosted by the Mississippi Council on Economic Education in Jackson,