Bostic comments at NABE Conference
- Worried that inflation target considered a ceiling
- Doesn't know if weak data will last
- Still expecting one hike this year
- My forecast hasn't changed much since December
The underlying theme here is worry. Yes, they're stubbornly sticking to their forecasts but everything is changing and they're frightened to face it.
More:
- Would not rule out use of negative rates if required
- Would not want to rule out any tool ahead of a future crisis