Federal Reserve Bank of Atlanta President Bostic: • Fed does not face urgency to cut rates given current economy. • Strong economy argues for patience in adjusting monetary policy. • Fed likely to soon contemplate cutting rates. • Inflation likely to decline more slowly than markets expect. • Fed has made solid progress in lowering inflation. • U.S. economy is in a ‘good spot’. • Unlikely January CPI signals big change in trend of weakening inflation. • Sees case U.S. economy less sensitive to interest rate changes. • ‘Fight is not finished’ on getting inflation back to 2%. • Job market is remarkably strong. • ... (full story)