Fed´s Bostic: Economy still has lots of momentum, inflation is too high

Raphael W. Bostic, president, and CEO of the Federal Reserve Bank of Atlanta said that his baseline forecast does not include a recession.

Key comments

I hope I'm wrong and inflation will come down faster.
It will take some time for inflation to return to target.
My baseline is to keep rates unchanged after the next hike.
There is still work to be done in the area of monetary policy.
The economy is still gaining momentum, but inflation is too high.

More to come...