Fed's Bostic: Possible headwinds not throwing economy or Fed off track

Below are key highlights from the prepared speech delivered by Atlanta Fed President to an economic development group at Louisiana State University.

Key quotes

• Possible headwinds not throwing economy or Fed off track.
• Expected strong third-quarter GDP growth shows U.S. may have shifted to a higher gear.
• Unless data surprise to downside, Fed should continue gradual rate increases at least "a few" more times.
• Household finances in good shape, firms so far resilient to trade and tariff risks, though beginning to cite cost increase concerns.
• Important Fed guard against running an overly high-pressure economy to avoid need for more "muscular" Fed response.