Fed's Bostic talks in Atlanta

He adds:

  • Hearing about labor shortages "everywhere I go"
  • Goal for Fed policy should be to get more neutral stance
  • US economy is in a good place
  • expects to see inflation build
  • we've embarked on a slow gradual move to neutral
  • I'm not anticipating that path will change, but things happen. We will respond accordingly
  • PCE moving higher and it's my expectation in a month or two it will be right at the target

Bostic is speaking at a seminar sponsored by Bloomberg Tax and Grant Thorton in Atlanta. He is a voter on the current FOMC this year.