Two regional Federal Reserve bank chiefs pushed back Thursday against the growing consensus view that the central bank is all but certain to cut rates at its July 30-31 meeting, contending the economy is doing just fine and inflation is near their 2% target. Federal Reserve Bank of Atlanta President Raphael Bostic told reporters after a speech in Atlanta he’s skeptical of the need to cut rates, adding “I am not seeing the storm clouds generating a storm yet.’’ Thomas Barkin from the Richmond Fed said that with unemployment low and consumers spending, it’s “hard to make a case for stepping on the gas.’’ Both regional ... (full story)