Golden Finance reported that Atlanta Fed President Raphael Bostic said that given the uneven progress in fighting inflation, policymakers should remain cautious and would rather keep interest rates at a higher level in order to achieve price stability goals. Bostic said in a podcast recorded on Dec. 9 and released on Tuesday that his expectation is that inflation will continue to gradually decline this year and is on track to reach the Fed's 2% target, although at times it looks like progress is stalling or prices are rising faster, inflationary pressures will subside. "Given the volatility in inflation indicators, I think policymakers should remain more cautious," Bostic said. "I want to make sure that we get the right signal and that our policy is calibrated in a timely manner based on that right signal. If I have to make a mistake, I'd rather make a mistake with higher rates," Bostic said in the podcast. "I want to ensure that inflation reaches 2%, which means we may have to keep policy rates higher than people expect for a longer period of time."