Fed's Bostic says he is going to keep working to move inflation toward 2%

Atlanta Federal Reserve Federal Reserve The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the Read this Term President Raphael Bostic spoke on US TV, CBS' "Face the Nation":

• 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 is too high and we need to do all that we can to bring it down
• We need to narrow the gap between supply and demand
• Demand is starting to shrink and that will ultimately pay dividends in inflation levels
• Many other indicators other than gdp show positive momentum in the economy
• We need to have slowdown there's no question about that
• There are scenarios that we can avoid the 'deep deep pain'
• There will likely be some job losses
• There's a really good chance that any job losses will be smaller than we've seen in the past
• 2% is our target and I'm going to keep working to move inflation toward it
• Still hearing from businesses that they are not expecting to have to lay off people soon
• We do know that some bottlenecks are starting to ease
• Business leaders today say it's a bit easier to find workers than it was a few months ago

Headlines via Reuters.

Bostic giving indications of diminishing bottlenecks in the US economy. the chain of reasoning will be that this will lead to the end of the cycle of Fed rate hikes when inflation is expected to be back within target range. Bostic has not specified a time frame for this in these comments of course. There are further hikes still to come from the Federal Open Market Committee (FOMC).