Fed’s Bostic: Policy is likely in the right place given the economic outlook

  • Pleased with jobs number, it’s consistent with the outlook
  • Hoping for minimal pain for the economy
  • Fed has time to watch and be patient with data
  • Credit is definitely tight and more will happen on that front
  • I do think we can get to 2% inflation without seeing a recession

The Fed blackout ended today and the usual suspects haven’t made us wait for long. Bostic and Kashkari are in a tight race to become the new Bullard.

This article was written by Adam Button at www.forexlive.com. Source