- Inflation is high but they have seen a lot of progress
- Outlook is for inflation to continue on path to 2%
- Need to see more data to see if January inflation was a bump or a trend
- Fed policy is restrictive and needs to stay restrictive.
Bostic comments are similar to other comments made recently. He is for keeping rates steady. Still sees up to 2 cuts, etc.
This article was written by Greg Michalowski at www.forexlive.com.
