Atlanta Fed President Raphael Bostic sounds upbeat in his prepared speech for Knoxville Economic Forum.
With six month core inflation at 2%, and unemployment rate at 4.1%, he considered Fed is “at or near the sustainable employment and inflation objectives.”
Regarding interest rate, he said that “if the economy evolves roughly as I suspect, I will likely support further increases over the course of the year.”
And, “with the economy operating near its potential and inflation finally approaching the long-run target, it is appropriate, in my opinion, for monetary policy to be moving toward a more neutral stance.”
