Fed's Bostic: Rate hike shouldn't be required to reach 2% inflation goal

Joshua Gibson FXStreet

Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic noted on Thursday during an interview with Fox Business that the Atlanta Fed head doesn't believe further rate hikes should be required to reach the Fed's 2% annual inflation target.

Key highlights

The inflation outlook will come down very slowly.

The Fed needs to stay in a restrictive stance.

I don't think a rate hike will be required to reach the 2% goal.

The economy continues to grow, but it's growing at a slower pace.

I expect to reach the inflation goal without an unemployment jump.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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