Fed's Bostic says inflation too high for too long; important to keep policy moderately restrictive

• If the Fed is going to do its job well it has to think about issues over the long run.
• Other officials, such as those in Congress, have shorter horizons.

Fed's Bostic's remarks underline a commitment to maintaining moderately restrictive monetary policy due to persistent inflation. This aligns with a hawkish stance regarding interest rates, suggesting traders should factor in potential prolonged tightening in the Fed's approach, which could impact the USD and bond yields.