Atlanta Federal Reserve President Raphael Bostic has repeated the rate hike narrative and his comments follow those said on Tuesday when he said that he envisions the central bank approving one more interest rate increase before pausing to see how policy tightening is impacting the economy.

On CNBC, he said “one more move should be enough for us to then take a step back and see how our policy is flowing through the economy, to understand the extent to which inflation is returning back to our target.´´