Inflation is high but they have seen a lot of progressOutlook is for inflation to continue on path to 2%Need to see more data to see if January inflation was a bump or a trendFed policy is restrictive and needs to stay restrictive.Bostic comments are similar to other comments made recently. He is for keeping rates steady. Still sees up to 2 cuts, etc. This article was written by Greg Michalowski at www.forexlive.com.