Fed's Bostic: Still a ways to go on inflation even though Fed has made tremendous progress

<p>Atlanta Fed Pres. Bostic:</p><ul><li>Still a ways to go on inflation even though Fed has made "tremendous" progress</li><li>Pandemic policies left families and businesses in much stronger position able to absorb restrictive policy</li><li>Expect inflation to continue to come down slowly and unevenly</li><li>Expect tight labor markets to continue moving forward.</li><li>Paying a lot of attention to 3 and 6-month inflation figures, they are coming down</li><li>Wages have been a trailing indicator and a way to retain workers</li><li>Have to keep an eye out to ensure output does not become too weak</li><li>Businesses and employers still see the economy as strong, with robust demand</li><li>Fed is in a good play with a pathway to fixing inflation without much labor market pain</li><li>Businesses increasingly say they do not have the same price power as early in the pandemic</li><li>Fed is not going to jump at the first data point</li><li>Policy will need to be resolute </li></ul>

This article was written by Greg Michalowski at www.forexlive.com.