Fed's Bostic: Today's jobs data does not change my outlook

• Jobs picture is 'rock solid'
• Wages are not driving inflation dynamic but we need to be on top of it if something changes
• I think unemployment is going to rise a little bit
• Sees unemployment rising to 4% this year (from 3.5% today)
• We still need to stay the course, 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
• Recession is not my baseline
• Most important thing is to hold at high rates
• Would be comfortable with 25 or 50 bps at next meeting. Would lean to 25 bps if jobs market loosens.

It's interesting that the Fed refrain is the importance of holding at high rates rather than the potential for hiking higher. He said there won't be urgency to cut from the peak and he sees rates holding at high levels 'well into 2024'.