Atlanta Fed President Bostic
Won’t decide until meeting on the proper path of policy
Have seen ‘some attenuation’ on inflation but Fed needs to remain ‘resolute’ in fighting high prices
Says he’s firmly in the 25 bps camp for rate hike pace and says policy should begin to bite in the spring
Considers risks now roughly balanced
Business contacts demand is strong and that concerns are more macro than on their business
Fed does not “do more than we need to”
Businesses say they are expecting to ratchet down the pace of wage hikes, but still plan to add workers
Will need to have ‘some kind’ of slowdown in labor market but not ‘catastrophic’