Fed's Bostic: Still at three total interest rate increases for the year

Atlanta Federal Reserve bank president Raphael Bostic is delivering additional comments, via Reuters, with key quotes found below.

• Still at three total interest rate increases for the year.
• Putting a lot of work into researching metrics to show when economy approaching neutral rate.
• Cannot be cavalier about possible yield curve inversion given market attention to it.
• Not a stretch that the economy needs no monetary stimulus at this point.
• Fed press conferences every FOMC meeting "a good thing" to ensure markets view every meeting with equal weight.
• Fed's expected overshoot of 2.1 percent inflation in coming years is not materially different from the target of 2 pct.