Atlanta Fed President Fed Bostic said that one more rate hike this year remains his model projection, provided that the economy growths by 2.5%.
However, he emphasized “it’s important that we don’t go too fast and act in a non-prudent way that lines up inadvertently restricting the economy and weakening the economy.”
Also he noted nervousness among business has “informed my view of how we should think about it. It’s made me feel I don’t need to rush to get us into neutral, we can take our time to get to that point.”
