(Reuters) -Atlanta Federal Reserve President Raphael Bostic on Wednesday said a U.S. job market holding near full employment offers the central bank the “luxury” of being able to avoid rushing to make any policy adjustments.

The Fed should avoid policy volatility that can be troublesome to the public, Bostic said at an event in Alabama, adding that his “predisposition is to try not to do that” and to wait for “a little more clarity on where things are going.”

“Now I feel we have the luxury to do that today because the labor market has been pretty much at full employment,” Bostic said.

“Our maximum employment mandate is not at risk in the same way that the inflation mandate is,” he said.

That said, the recent employment report for July, which showed far fewer jobs created last month tha

See Full Page