We have had a series of Fed speakers coming forward this week and dove R. Bostic has come forward with a neutral outlook.
- Fed’s Bostic: risks to the economy on upside and downside are almost perfectly in balance.
- Fed’s Bostic: lack of clarity on trade policy is causing some businesses to wait on investments.
- Fed’s Bostic: there’s a lot of upside potential for household spending.
- Fed’s Bostic: stimulus from us tax reform has not happened as quickly as he expected.
- Fed’s Bostic: us economy is performing quite well, at full employment and inflation at 2% goal.
- – repeats view that with economy standing on its own, monetary policy should be neutral.
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