Fed's Bostic: If I was voting now, I would vote to hold rates in June

• I've got to keep a possible rate hike on the table
• Still a ways to go on inflation
• We've made really good progress 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
• Pricing power is not nearly as clear as it has been
• I'm hearing much less about businesses being able to pass through prices increases to consumers
• I expect inflation to be in the high 3s at year end
• I don't think we will cut rates this year but the scenario for a rate cut would be for inflation to come down quickly this year

The market has already voted on the June FOMC meeting and there's a clear message that rates aren't going up.

I like that he put up a number for his inflation forecast. I think we'll be in the high 3s sooner than year end.