Raphael Bostic, president of the Atlanta Fed, suggested that the Federal Reserve increase the top end of its target interest rate range to 5.25%.
The Fed increased its benchmark rate's top end by 50 basis points to 4.5% last month.
On January 31–February 1, the Fed will meet once more to decide on monetary policy.
When asked if the December jobs report supported a slower quarter-point hike or another 50 basis point advance, Bostic responded that it was somewhere in the centre.
He indicated that his decision regarding the magnitude of the rate hike in February would therefore depend on newly released consumer spending data.
The president of the Atlanta Fed stated that the central bank's regular and brisk rate increases during the previous year were successful in reducing inflation.
He said he expects inflation to move down somewhere near 3% by the end of this year.
According to Bostic, the economy is also slowing down gradually.
Looking ahead to 2023, he predicted that the economy would grow at a 1% annual pace while the unemployment rate would marginally increase to 4%.
The Labor Department earlier on Friday stated that the economy created a net 223,000 jobs in December and that the unemployment rate decreased to 3.5%.
The December jobs statistics also revealed that pay growth slowed after accelerating in the previous month, which helped boost U.S. markets on Friday.