In an interview with Bloomberg on Thursday, Rafael Bostic said he was very comfortable that the inflation rate would exceed 2 percent, to 2.2 percent or 2.3 percent, adding that his level was not a sharp rise in prices.
In February, the US inflation rate was 1.8 percent.
"According to this forecast, it is likely to raise interest rates three times this year.
In March, the Fed decided to raise interest rates for the first time this year, with expectations that it would raise it by another two times until the end of 2018.
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