Fed's Bostic speaking on CNBC

Feds Bostic speaking on CNBC from Florida
  • 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.