More from Fed’s Bostic: Fed will get to 2%, won’t ‘move the goalposts’

Federal Reserve Bank of Atlanta President Raphael Bostic spoke earlier:

• Fed’s Bostic says one data point is not a trend, remains resolute, vigilant on inflation

More now:

• Want to see housing markets “rationalize themselves” and
  not be a burden on the whole economy
• Fed will get to 2%
• If Fed moves the
  goalpost at this point it would undermine the central bank’s
  credibility
• A large literature
  showing that central bank independence improves economic outcomes;
  would hope officials keep that in consideration
• US economy is still quite resilient and robust

This article was written by Eamonn Sheridan at www.forexlive.com.