Fed's Bostic speaking on CNBC
- both upside and downside economic risks
- uncertainty on trade putting a damper on business
- economy will continue to grow on a solid pace in 2019
- keeping a close eye on pricing pressure
- sees long-term sustained growth around 2%
- The market is ahead of where I am on rate cut
- not expecting an imminent rate cut (or cut this year).
- not tilted to cut side or hawk side
- sometimes data does not match market psychology
- businesses are confident, excited about how things are going, but not expected economy to be as strong as last year.
- not concerned about hitting inflation target
Bostic is not a voting member on the Fed this year.