Fed’s Jefferson: We have acted boldly and are committed to taking further steps

• Restoring price stablity make take some time, will likely entail a period of below-trend growth
• Elevated inflation is the problem that worries me most
• Job market very tight
• Supply-demand conditions in labor market and economic seem likely to ease some
• We have seen indications that supply bottlenecks have begun to resolve
• Concerned that rising food and housing prices will affect future inflation

The bolded comments are a slight dovish tilt and a preview of what we may start to see from top Fed officials soon, especially with the ISM and JOLTS data this week. Non-farm payrolls will be big.