Atlanta Fed Pres. Bostic schedule to speak shortly

<p>Atlanta Fed Pres. Bostic will be speaking ahead.</p><p>Earlier today he was also speaking and</p><ul><li>emphasized his desire to see more concrete evidence that inflation is on a trajectory towards the 2% target. </li><li>He warned that the worst outcome would be to prematurely cut interest rates, only to find it necessary to increase them again later.</li><li>He suggested that if progress on inflation slows, it might be prudent to maintain higher rates for an extended period. </li><li>He observed that inflation seems to be moving towards the 2% target and noted some slowing in the labor market, which now appears more balanced. </li></ul><p>Recently, Bostic has been vocal about the risks of cutting rates too early, telling the Financial Times he does not see a rate cut until the summer.</p>

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