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25.02.2019 10:47

Fed’s Bostic expects one rate rise this year, another in 2020

  • I would prefer that we not take any stimulating position

  • Judging by the projections, there is still room for rate increases.

  • Monetary policy should now be neutral

  • Fed rate close is at the lower limit of the neutral range

  • So long as the economy is "running fine"

  • Aim is to get Fed benchmark rate to so-called neutral level

  • Slow approach to get to neutral is a good path for the Fed

  • Expects economic growth in the region of 2.2% to 2.5% this year

  • Doesn't expect inflation to exceed the 2% target

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