US Atlanta Fed head Bostic speaking to CNBC 16 Aug
- low jobless rate not being translated into prices
- to get robust economic growth we need more spending investment
- fiscal policy uncertainty adds to business uncertainty
- our models say economy will be much stronger in H2
No danger of a rate hike before year end then it would appear but newly appointed Bostic not a voting member of Fed until next year.
USDJPY still steady at 110.80 but GBPUSD continues its retreat at 1.2862
Fed's Raphael Bostic- Worried about inflation numbers
