Fed's Bostic: Most businesses in surveys aren't changing 2018 capex
Bostic delivers an economic update in Georgia
- Not certain how firms will respond to tax cuts
- Confirms 204 rate hikes this year is the correct path
- Consumer spending is strong but hasn't exploded
- I am at three hikes now with the extra stimulus
- 3.9% unemployment is 'extremely low'
Bostic will take questions from the audience later so look out for more headlines.