Federal Reserve Bank of Atlanta President Bostic said on Thursday that there is still a distance to go on inflation, adding that the central bank should wait for more data before cutting rates.  

Key quotes

Inflation has more room to decline. 

Sees solid employment despite the historical context. 

Waits for more data before considering a rate cut. 

Prefers waiting longer, even if it means being cautious. 

It would not be good to cut rates only to have to raise them again.