Odaily News - Atlanta Fed President Bostic stated that the economy is expected to slow down in a fairly orderly manner. The Fed is on track to return to its 2% inflation target as long as the current interest rate level is maintained in the long term. He said, "Our stance today is restrictive, and as the inflation rate continues to decline, the degree of restrictiveness will increase because the gap between the inflation rate and our interest rate will widen. This will sufficiently constrain the economy, causing it to continue to slow down, but it is not expected to be a matter of two or three months. My outlook is that we will remain in a restrictive zone until 2024." Regarding the non-farm payroll report released tonight, Bostic stated that strong wage growth does not surprise him because "during the entire period of high inflation, workers' wages have lagged behind inflation for a considerable period of time, and they are still catching up." (Jin Ten)