We want calm, an orderly return to normalcy

Atlanta Federal Reserve President Raphael Bostic said on Friday that he will have to think hard about what’s happening in labor markets, according to Reuters.

Key recommendations

“We want a calm, orderly return to normalcy.”

“We’re close to being ready to cut rates.”

“Our policy has had its effect and we can begin the path back to a normal political position.”

“We can’t wait until inflation gets back down to 2% to change the policy rate.”

“The labor market is a sign that we are returning to a much more normalized place.”

“The inflation number for the last two months has made me more confident that it is back to 2%.

“We still have a ways to go on inflation, however, don’t assume we’re done.”

“You can’t ignore data, it gets us closer to movement.”

“I just want to make sure the next two data points are consistent with that.”

“The job review numbers haven’t changed that much for me.”

Market reaction

The US dollar index showed no reaction to these remarks and was last seen trading modestly lower on the day at 101.45.