Raphael Bostic: Interview: Speaking with Reporters

Transcript was not available.

Fed Funds

Bostic said he’s “firmly in the quarter-point move” camp.

“I do think we’re in a period now where it is appropriate for us to be cautious … there is a plausible case to suggest we’re going to see some more robust slowdown”

“I’m going to stay open to any possibility that if data come in stronger than expected then I will adjust my policy trajectory … There is the case that could be made that we need to go higher. Consumer spending is strong and labor markets remain quite tight and that those suggest that the economy’s strength could be a bit more than people think, which means we might need to do more.”