Fed's Bostic: Monetary policy is appropriately restrictive

<ul><li>Inflation is still too high</li><li>We should be cautious, patient, resolute</li><li>Policy is restrictive enough to bring inflation to 2% in a reasonable timeframe</li><li>I am not for easing policy any time soon</li><li>Should inflation unexpectedly climb, I would support more tightening</li></ul><p>He doesn't sound like he is in a hurry to tighten further and this sentiment is arguably shared by most Fed policymakers at the moment. It seems that the terms 'appropriately restrictive' may be the new buzzword.</p>

This article was written by Justin Low at www.forexlive.com.