Federal Reserve Bank of Atlanta President Raphael Bostic spoke earlier:

More now:

  • Want to see housing markets "rationalize themselves" and not be a burden on the whole economy
  • Fed will get to 2%
  • If Fed moves the goalpost at this point it would undermine the central bank's credibility
  • A large literature showing that central bank independence improves economic outcomes; would hope officials keep that in consideration
  • US economy is still quite resilient and robust
Fed's Bostic