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

Author: Greg Michalowski | Category: Central Banks

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

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