Fed's Bostic says he hasn't seen a wage-price spiral

Bostic spoke earlier:

• Fed's Bostic says the Fed's main mission remains cooling down inflation

Q&A now:

• Has not seen a wage-price spiral
• wages are a lagging indicator in the current economy
• believes that the Fed can control inflation without causing big damage to the jobs market
• Sees no reason to change the Fed's 2% inflation target right now