Fed's Bostic: The latest inflation numbers show it's back to 2%, but moving slowly.
Fed's Bostic: Households and homeowners kept interest rates low, limiting the economy's sensitivity to Fed policy rate increases.
Fed's Bostic: Low-cost loans make people less sensitive to interest rate hikes.
Fed's Bostic: When it comes to interest rates, it's important to move in only one direction. We may need to be a little more patient and make sure inflation gets to 2% before changing the policy rate.
Fed's Bostic: Job growth is solid, which gives me comfort in remaining at more restrictive levels.
Fed's Bostic: We may need to be more patient to prevent the economy from overheating.
Fed's Bostic: There is still significant upward pressure on prices, we are not past the worrying point.
Fed's Bostic: I wouldn't be surprised if it takes longer to reach 2% inflation in the US than elsewhere.
