Fed's Bostic: Appropriate to raise rates gradually over next couple years

Speaking at an economic forum in Montgomery, Alabama,.Atlanta Fed President Raphael Bostic argued that it would be appropriate to raise rates gradually over the next couple years.

Key quotes (via Reuters)

Will watch next few inflation readings closely for signs of rebound.

Demand spike could push economy beyond sustainable capacity.

Enacted tax reform could 'move needle' on economic activity.

Economic activity reasonably solid in recent months.

I expecta a bit above 2 pct growth; flat unemployment; modest wage growth.