Fed officials Bostic said strong economic data

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      Bostek, president of the Atlanta Federal Reserve Bank, said the fall in share prices, Global trade uncertainty and other possible "adverse factors" were not enough to derail the U.S. economy or force the Fed to change its intentions to keep raising interest rates gradually.
Bostek said he was "more comfortable" with the idea of a fourth rate hike this year, as stocks plunged on global worries and weak corporate performance. He did not see any possibility of raising interest rates in December.
Bosque, who has voted on the Fed's Policy Committee this year, said recent strong economic growth prompted him to support a fourth rate increase in 2018.
"The second and third quarter numbers were much stronger than expected," Bostek said, which made me "more comfortable" with the idea of a fourth rate hike this year.
He said the Fed should still raise interest rates at least a few times until they reach levels that neither encourage nor discourage investment and spending.
"Unless the data convinces me to give up, I think it's appropriate to continue to phase out easing until we reach neutral policy interest rates," Bosque said. "There's no reason to keep us on the gas."


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