Fed's Bostic: Economy is starting to slow and that's what we need

• I'm slightly less concerned about wage inflation but only slightly
• Still a lot of labor market momentum
• We're starting to inch in the right direction
• I am fully supportive of 75 bps in July
• We need to move aggressively
• We can move at 75 bps and not see a lot of protracted damaged to the broader economy
• I've been on the low side of where we need to get, in the 3% range but we'll get a lot more data in the coming months
• I'm going to take a wait-and-see attitude
• All of the dynamics we see are impacted by the pandemic
• The core of the US economy is still strong and that's where we're watching

There's a subtext to all the Fed comments where they assume growth will remain strong as a part of their rate-hike forecasts.The correlate to that is that if growth undershoots (something the market is deeply concerned about) they will lower their inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term models and plans to hike.