Atlanta Fed President Raphael Bostic also made clear that he now favors putting policy on hold.
The Fed needs to see “meaningful declines in inflation” to be convinced higher rates aren't necessary, he said.
Some Fed officials believe that more rate hikes are warranted to combat inflation, while others call for "prudence."
St. Louis Fed President James Bullard has sought to separate the responses to financial stability concerns and inflation.
The aggressiveness of any further rate increases will be impacted by upcoming labor and inflation reports.
There's concern that the South's red hot job market could cause wages and prices to spiral out of control.
St. Louis Fed President James Bullard called the U.S. economy more resilient than expected.
Fed officials are mulling a further moderation in the pace of rate hikes following a slowing in US inflation.
The survey showed that employment continued to grow at a modest-to-moderate pace in most districts.
The Fed's work on inflation is not yet complete, according to two Fed presidents.
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