The bumpy path to achieving 2% inflation: Insights from Fed's Bostic

Fed's Bostic expects a continued downward trajectory of inflation and foresees a bumpy but achievable path to 2% inflation. He acknowledges the impact of tighter monetary policy on economic activity and notes diminishing pricing power of companies.

Bostic expects the downward trajectory of inflation to continue.
He anticipates a slowdown in economic activity in the upcoming months.
Bostic acknowledges that tighter monetary policy is significantly impacting economic activity.
He believes the path to 2% inflation will be bumpy but achievable.
Bostic notes that companies' pricing power is diminishing.
He observes ongoing disinflation and a measured slowdown in economic activity.
Fed's Bostic feels more confident in the current economic outlook.