Fed's Bostic: One increase for 2019 is my model projection

Atlanta Fed President Raphael Bostic said that he was projecting one rate hike in 2019.

Key quotes (via Reuters)

  • If we stay at 2.5 GDP growth for year, consistent with my forecast of one rate increase.
  • Don’t need to rush to get to neutral, we can take our time.
  • Time to put our policy on a more neutral range.
  • Important that we don’t go too fast and inadvertently restrict the economy.
  • My view has not changed very much on how monetary policy should operate.

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