Bostic comments at NABE Conference

  • Worried that inflation target considered a ceiling
  • Doesn't know if weak data will last
  • Still expecting one hike this year
  • My forecast hasn't changed much since December

The underlying theme here is worry. Yes, they're stubbornly sticking to their forecasts but everything is changing and they're frightened to face it.

More:

  • Would not rule out use of negative rates if required
  • Would not want to rule out any tool ahead of a future crisis