"The time has come" for the Federal Reserve to start cutting rates. Those words from Fed Chair Jerome Powell sparked a rally on Wall Street and reassured investors that the Fed is likely to cut at its September meeting. Some argue, however, that the Fed is too late and that a recession is a possibility.

Federal Reserve Bank of Atlanta President Raphael Bostic says a recession is not in his outlook, nor has it been for "a long time." "Everything I hear tells me that there's enough momentum and we should still see growth in the US economy," he says.

Find out why Bostic thinks there's a "pretty good case to be made" for inflation to hit the Fed's target in 2025 in the video above.

Watch Federal Reserve Chair Jerome Powell's full speech here.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Stephanie Mikulich.