Comments from Bostic
- I totally agree with Powell's view that we will "act as appropriate to sustain the recovery"
- This has been a slow recovery
- Normalization has been a good thing for housing in the long-run because it reminds people about the risk-reward
- People have gotten used to low interest rates and that's created a heightened sensitivity
- I've gotten out of the business of predictions, what I'm interested in is feedback in real-time and seeing how people are responding
