Fed's Bostic: Fed may have to do more given high inflation

• Won't decide until meeting on the proper path of policy
• Have seen 'some attenuation' on inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term but Fed needs to remain 'resolute' in fighting high prices
• Says he's firmly in the 25 bps camp for rate hike pace and says policy should begin to bite in the spring
• Considers risks now roughly balanced
• Business contacts demand is strong and that concerns are more macro than on their business
• Fed does not "do more than we need to"
• Businesses say they are expecting to ratchet down the pace of wage hikes, but still plan to add workers
• Will need to have 'some kind' of slowdown in labor market but not 'catastrophic'

The headline sounds hawkish here but the details are the opposite and risk trades like it.