Fed's Bostic: Policy a little short of neutral but in no rush to move policy

Atlanta Fed Pres. speaks to reporters

He adds:

• he is not seen evidence that US economy is slowing faster than expected, still expects growth at or slightly above trend
• he does not yet have a hard target number set for the appropriate size of the Fed's balance sheet
• did not expect consumption as strong this year as last; some ramp down in consumer spending not unexpected
• says expects 2.3 to 2.5% growth this year, above trend of just below 2%
• still a little short of neutral but in no rush to move policy again; sees one rate hike hike this year