Federal Reserve's Bostic: Case for Rate Hikes Should Hinge on Evidence of Economic Overheating

BlockBeats News, February 5th, Federal Reserve's Bostic stated that the labor market may move towards more hiring or layoffs, still believing that inflation will ease back to the Fed's 2% target.

The reason for raising interest rates needs to rely on evidence of economic overheating. The U.S. labor market has already stabilized. (FX678)