Fed's Bostic says he wouldn't have supported last rate cut if he had a vote
Hawkish comment from the Atlanta Fed leader
- Thinks economy is on way to hitting 2% inflation target
- Evidence shows consumers are 'pretty rock solid'
- Would want standing repo facility to be used in good and bad times to avoid stigma
Bostic is showing some hawkish stripes. He gets a vote in 2021, which is about the time the Fed should be thinking about hiking again.