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Bostic, Raphael on 2018 May 16

I have had extended conversations with my colleagues about a flattening yield curve and the risks of it inverting...  We are aware of it. So it is my job to make sure that doesn’t happen.

"I have had extended conversations with my colleagues about a flattening yield curve” and the risks of it inverting, he said at a moderated forum in Augusta, Georgia on Wednesday. “We are aware of it. So it is my job to make sure that doesn’t happen.” ... Bostic said Wednesday he favors three rate hikes in total this year after three in 2017, though his outlook could change. “We don’t want to do it so fast that it is disruptive. That is why we are going at a slow, gradual pace,” he said about interest-rate increases. “Hopefully we won’t get to that inversion.” Bostic, Raphael

Bloomberg News

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