Fed's Bostic: It's important we get to neutral as expiditously as possible

• Not easy to know how strong the economy will be as the Fed hikes
• 75 bps hike not on the radar
• Cut to global growth forecast from the IMF today is a sign that the Fed needs to be cautious. It's a reason not to rush beyond neutral
• Estimates that neutral is around 2.50%

Bostic is on CNBC