【Federal Reserve official Bostic expects inflation to decline, but warns the Fed needs to be cautious about rate cuts】Golden Finance reports that Atlanta Fed President Raphael Bostic stated that given the uneven progress in combating inflation, policymakers should remain cautious and prefer to keep interest rates at a higher level to achieve price stability goals. In a podcast recorded on December 9 and released on Tuesday, Bostic expressed his expectation that the inflation rate will continue to gradually decline this year, with hopes of reaching the Fed's 2% target. Although at times it may seem that progress is stagnating or prices are rising rapidly, inflationary pressures will ease. Bostic stated, "Considering the volatility of inflation indicators, I believe policymakers should maintain a more cautious attitude." "I want to ensure we receive the correct signals and that our policies are calibrated in a timely manner based on these correct signals. If mistakes must be made, I would rather err on the side of higher interest rates," Bostic said in the podcast. "I want to ensure that the inflation rate reaches 2%, which means we may have to maintain the policy interest rate above the levels people expect for a longer period of time."