The president of the Federal Reserve Bank of Atlanta, Rafael Bostick, said:
- There is still a lot to do about inflation.
- The labor market is still very strong by historical standards so far.
- We cannot wait until inflation reaches a very large percentage to move away from the restrictive position.
- Inflation fell faster than expected, unemployment rose more than expected.
- We must postpone the reduction of interest rates to the third quarter.
- They should wait for more data before lowering interest rates.
- It would not be good to lower interest rates only and then have to raise them again.
