Fed's Bostic: risks to economy on upside and downside are almost perfectly in balance
6 September 2018, 01:56
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.
