Speaking on Bloomberg TV now

Fed's Bostic has moved to Bloomberg TV after speaking on CNBC earlier

  • Businesses are telling him that consumer demand is strong
  • No signs strong consumer spending will fall off
  • Businesses are saying they are being affected by trade risks
  • Repeats that he does not see a rate move in either direction
  • December rate hike was not a mistake.
  • Fed policy is absolutely on point
  • consumers have growing confidence in their job security

Bostic is the president of the Atlanta Fed. He is a nonvoting member this year and is considered more of a centrist.