Atlanta Fed President Raphael Bostic told CNBC yesterday, “I think it’s really important that we get to neutral and do that in an expeditious way.”
“I really have us looking at one and three-quarters by the end of the year, but it could be slower depending on how the economy evolves and we do see greater weakening than I’m seeing in my baseline model,” he said.
“This is one reason why I’m reluctant to really declare that we want to go a long way beyond our neutral place, because that may be more hikes than are warranted given sort of the economic environment.”
