Fed's Bostic: Strong data may make a case for another 75 bps rate hike

In an interview with the Wall Street Journal (WSJ),  Atlanta Fed President Raphael Bostic said that “at this point, I'd toss a coin between 50 bps and 75 bps,” adding that “if data remains strong and inflation doesn't soften, it may make a case for another 75 bps.”

Additional quotes

Inflation is a big problem.

Some weakening in the economy is to be expected.

Fed needs to really make sure inflation is well on its way to 2% before taking steps to increase its accommodative policy stance.

more to come ...