Federal Reserve President Raphael Bostic stated that given the uneven progress in combating inflation, policymakers should remain cautious and prefer to keep interest rates at a high level to achieve price stability goals. Bostic expressed in a podcast recorded on December 9 and released on Tuesday that he expects inflation rates to gradually decline this year, aiming to reach the Federal Reserve's 2% target. Although it may sometimes seem progress has stagnated or prices are rising rapidly, inflationary pressures will ease. Bostic said, "Considering the volatility of inflation indicators, I believe policymakers should adopt a more cautious stance." He added, "I want to ensure we receive the correct signals and that our policies are calibrated in a timely manner based on those signals. If we must make a mistake, I would prefer to err on the side of higher interest rates," Bostic stated in the podcast. "I want to ensure the inflation rate reaches 2%, which means we may have to keep the policy interest rate higher for a longer period than people expect."