Golden Finance reported that Fed Bostic said that given the uneven progress in reducing inflation, officials should be cautious in making decisions and would rather keep interest rates high. Bostic also said in a podcast recorded on Dec. 9 and released on Tuesday that he expects inflation to continue to gradually fall toward the Fed's 2% target this year. He said he expected price pressures to subside, although there may be times when it looks like progress is stalling or that inflation is becoming more aggressive. "I want to make sure that we're getting the right signals and that our policies are calibrated to the right signals. If we have to make mistakes, I'm going to make them in a good way," Bostic said on the podcast . "I want to ensure - certainly ensure - that inflation gets to 2%, which means we may have to keep policy rates higher than people expect."