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Fed can avoid 'deep pain' in inflation fight, Bostic says

09/25/2022 | 11:32am EST
President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin

WASHINGTON (Reuters) - Atlanta Federal Reserve President Raphael Bostic said Sunday he still believes the central bank can tame inflation without substantial job losses given the economy's continued momentum.

"If you look over history...there is a really good chance that if we have job losses it will be smaller" than in past slowdowns, Bostic said on CBS' "Face the Nation". "We are going to do everything we can to avoid deep, deep pain."

(Reporting by Howard Schneider; Editing by Lisa Shumaker)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.58% 0.66905 Delayed Quote.-7.56%
BRITISH POUND / US DOLLAR (GBP/USD) -0.08% 1.19499 Delayed Quote.-10.90%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.69% 0.73618 Delayed Quote.-5.73%
EURO / US DOLLAR (EUR/USD) -0.15% 1.03279 Delayed Quote.-8.82%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.02% 0.012251 Delayed Quote.-8.84%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.60% 0.62 Delayed Quote.-9.08%
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