Bostic: Fed within 'shouting distance' of neutral rates
Comments from the Atlanta Fed leader
- Hard to judge the risk of overheating in real time but it feels like the loss of control on inflation is something the Fed shouldn't risk
- He feels policy should head to neutral
- Fed should consider that unemployment below normal for an extended period is a symptom of overheating
Bostic is a soft dove but he sounds like he's leaning towards a couple more hikes.