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Bostic, Raphael on 2018 March 27 at 06:00

Coming into this year, we had penciled in three moves for the year. And I think the risks are to the upside.

WSJ: So does the fiscal boost, with the unemployment rate being historically low, change your view about the path of monetary policy right now? MR. BOSTIC: Not immediately. If you look at my expectations around monetary policy, the risks are now to the upside now. So coming into this year, we had penciled in three moves for the year. And I think the risks are to the upside. We’re going to be monitoring—I’ll tell you that the business contacts that we’ve reached out to, they’re saying they’re not expecting significant changes to their capital expenditures for the first half of this year. So if you think about what it’s going to look like for this year, I don’t think we’re going to see a huge ramp up, if what they’re reporting is accurate. And so we’re really looking in the out years. And a lot of what we’re going to be trying to get a handle on is what does the trajectory of the economy look like in the out years—2019, 2020, 2021. Bostic, Raphael

Wall Street Journal Interview

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