Fed's Bostic: dot plot does not lock Fed into a policy path

Fed's Bostic Does, speaking on Financial Literacy in Florida said that the dot plot does not lock Fed into a policy path that shows a range of opinion on the committee.

Additional comments:

• Possible neutral rate may increase as the economy improves.
• Trade protectionism tends to be difficult for.
• Impact on outlook until know more.
• We are going to see inflation come in a bit higher.
• Sees inflation hitting 2 pct in next quarter or two.
• Do not see 2pct inflation as a ceiling.
• Comfortable going over 2 pct by some amount.
• Sees fiscal stimulus having robust impact in short run.
• Confident of economy in 2018 growth.
• Sees neutral rate in 2.25-2.75pct range on fed funds rate.
• Does not expect radical changes to Fed policy framework.
• Do not know yet how trade tariff changes will end up.
• Delaying verdict on.

About Raphael W. Bostic

Raphael W. Bostici s an American economist and academic, who became the 15th President and CEO of the Federal Reserve Bank of Atlanta on June 5, 2017. In 2018, he serves as a voting member of the Federal Open Market Committee.