Atlanta Fed Bank President Raphael Bostic said, 50bps hike in March was “not my preferred policy action.” He added, “I had three rate increases in mind. March is looking like the right time” to get that started. From there, however, “we are not on any set progression.”
“We are going to need to be thinking very carefully about how things are going, how the economy responds to our first moves,” Bostic said. “We are not set on any particular trajectory. The data will tell us what is happening.”
