(Reuters) – As the Federal Reserve intensifies its efforts to combat 40-year-high inflation, one U.S. central banking official this week urged caution in order not to trigger “significant economic disruption” by imposing too steep interest rate hikes.

Raphael Bostic of Atlanta Fed stated that “As soon as we expeditiously return to monetary policy a more neutral position to get inflation closer towards our 2 percent target, then I intend to proceed with intent and without recklessness,” in an essay posted Tuesday to the bank’s website.

He reiterated in the essay what he stated in his Monday appearance. The argument for raising interest rates another half-point at Fed’s next two meetings as Fed Chair Jerome Powell signaled. But then, to stop rate rises in September so that the inflation and economy can be analyzed.

Bostic stated that monetary policymakers need to be aware of the unpredicted effects of pandemics, wars in Ukraine, and other supply restrictions on the economy’s outlook and should “prudently tighten their policy.”