Recent comments from Fed officials on the US monetary policy outlook

Recent comments from the Federal Reserve officials on monetary policy:

• The Federal Reserve Bank of Atlanta President Raphael Bostic said on Tuesday, October 23 that unless data surprise on the downside, Fed should continue gradual rate hikes at least “a few more times”. Bostic expects Q3 GDP to rise strongly confirming that the US shifted to a higher gear and therefore there is no reason to keep Fed's “foot on the gas pedal”.
• Dallas Federal Reserve Bank President Robert Kaplan said on Wednesday, October 24 that he sees rates “likely” rising to 2.75% to 3% range in 2019 with Fed raising rates to “neutral” only gradually and patiently. Kapan also said he will judge in spring or summer of 2019 if rate hikes above neutral are warranted.

US rates “likely” rising to 2.75% to 3% range in 2019 with Fed raising rates to “neutral” only gradually