Fed's Bostic: Will wait and see data before deciding if fourth rate hike this year is appropriate

Additional comments from Raphael Bostic, President and Chief Executive Officer of the Federal Reserve Bank of Atlanta, are now crossing the wires as he responds to questions at Mississippi Council on Economic Education.

Key quotes (via Reuters)

  • Will wait and see data before deciding if fourth rate hike this year is appropriate.
  • Still some uncertainty about whether the U.S. economy is at full employment.
  • No risk of overheating there is a possibility for the Fed to be more patient in rate increases.
  • Open to possibility that neutral rate of interest may have moved higher.
  • Contacts in business do not give impression that economy is about to overheat.

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