Fed's Bostic: Policy is likely in the right place given the economic outlook

<ul><li>Pleased with jobs number, it's consistent with the outlook</li><li>Hoping for minimal pain for the economy</li><li>Fed has time to watch and be patient with data</li><li>Credit is definitely tight and more will happen on that front</li><li>I do think we can get to 2% inflation without seeing a recession</li></ul><p>The Fed blackout ended today and the usual suspects haven't made us wait for long. Bostic and Kashkari are in a tight race to become the new Bullard.</p>

This article was written by Adam Button at www.forexlive.com.