Bostic's Remarks on Neutral Interest Rate and Fed Policy
Fed Member Raphael Bostic indicated the Fed is not rushing to reach the "neutral interest rate."
Bostic noted the neutral interest rate is between 3% and 3.5%.
The Fed will take a patient approach to future interest rate decisions, considering current economic conditions.
He emphasized the need to adjust interest rates based on changing economic risks.
Mary Daly from the San Francisco Fed noted that the central bank still has work to do to curb inflation, despite progress in the labor market.
