Bostic: Neutral policy rate is in the 3-3.50% range


  • Not in a rush to get to neutral
  • Will be patient
  • We needed to move policy rate because risks had shifted
  • Labor market is strong, inflation has come down a long way, my job is now to take it all the way home
  • Still a lot of uncertainty on prices and consumer spending

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