FILE PHOTO: President of the Federal Reserve Bank of Atlanta, Raphael W. Bostic appears in this handout photo obtained by Reuters October 6, 2017. Federal Reserve Bank of Atlanta/Handout via REUTERS/File Photo
March 23, 2018
KNOXVILLE, Tenn. (Reuters) – With the U.S. economy now at or near the Federal Reserve’s goals of full employment and 2-percent inflation, the U.S. central bank should continue raising interest rates gradually over the next couple of years, a Fed policymaker said on Friday.
“If the economy evolves roughly as I suspect, I will likely support further increases over the course of the year,” Atlanta Federal Reserve Bank President Raphael Bostic said in remarks prepared for delivery to the Tennessee Economic Forum.
Six-month core inflation is now at 2 percent, and unemployment of 4.1 percent is at or below precrisis levels; those two data points, he said, “give me confidence we are at or near the (Fed’s) sustainable employment and inflation objectives.”
(Reporting by Ann Saphir; Editing by Chizu Nomiyama)
